many graduate school professionals and undergraduate upperclassmen leave school with high spirits, strong minds and very negative net worth. They are expected to pay into a social security system that realistically will not provide anything when they retire. Most pay almost 15% of annual income in student loan interest payments. The IRC only allows for 2500 deduction if you make less than %50,000.
The government needs to provide for the youthful keepers of the flame that are expected to provide for there fathers and progeny.
2007-03-27 13:50:38 · 5 answers · asked by Jason W 2 in Politics & Government ➔ Government
Yeah, and they punsih you for doing well. If you make over $100,000, you can deduct anything. Bastards.
I pay like 30% of my income in student loan payments! You should be able to write off all the interest.
2007-03-27 21:04:33 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I think the easier solution is for the students to not have to pay so much tuition in the first place. The only people it makes wealthy are the schools and the banks, neither of which should be wealthy as they are just providing services.
2007-03-27 14:02:18 · answer #2 · answered by Luis 6 · 0⤊ 1⤋
no, you should have to pay the same rate i do you dink. you friggin youthful keeper, go get some crummy job and work yourself to the bone like i did, you spoiled little brat. god, last time i saw some young kid actually get a crappy job and work hard at it and be greatful for it was like...well..when i was in highschool and college. im 33 and still havent paid my loans off. tough crap. at least you didnt have to go fight in a war like most previous generations or wash dishes 60 hours aweek. thats why we have so many illegal immigrants in this country, because kids these days are so frickin lazy and coddled they dont want to take a job that involves actually working. you think kids in china are whineing about school loans? no, all they think about all day is beating the crap out of us lazy americans and takeing all our jobs. get to work chump.
2007-03-27 14:01:40 · answer #3 · answered by ? 2 · 0⤊ 0⤋
ALL sutdents in school should get Lower deductions for loans.
Esp those of IN DEMAND FIELDS.
Not those of just academia BUT those In Demand & in Need of.
I say CUT Govt waste & student loan rules then we can ALL be happy.
Students for loan deductions should be:
1. In Demand Field
2. Rising Labor Demand Field
3. IN school or Voc Ed
4. Planning school for #1-3.
Otherwise NO.
2007-03-27 13:58:18 · answer #4 · answered by STEPHEN R 5 · 0⤊ 1⤋
Once out of the shelter of School - all bets are off. No special treatment for you. Not Fair.
2007-03-27 13:54:44 · answer #5 · answered by Ixi 2 · 0⤊ 1⤋