Govt should incentivize student loan payback by allowing all payments to be deducted.

I should have stated that I owe zero in student debt at this point. Mentioned in another thread that I just paid off my nearly $200k student loan debt. I don't disagree with what is being said about the ridiculous expense of university or even the benefits of many degrees. I am simply stating the need for incentivization of payback for an existing problem. I'm no snowflake. I'd like to see our generation change the direction of our national debt.

Student debt comprises one of the largest types of personal debt. It is in the economical interest of our county to decrease personal debts. Most of my colleagues who graduated with me are paying the minimum payments and even deferring their student debt because they see it as "cheap money" to have borrowed. Most interest rates hover between 5-7% for graduates over the past decade. I was allowed to deduct 0% of my interest rates over the past 4 years. All of my repayment was 100% post tax. If the govt would allow all educational loan repayment to be tax deductible then every dollar you spend would in essence earn you your tax rate back. This would allow for quicker payback and would incentivize payers to apply more money towards their loans because they would in essence be earning a much higher rate than most any typical investment rate.