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

quote:

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Accounting wise it makes sense as it was a cost accrued to earn the income, so you'd expect to be able to deduct the costs from the proceeds.

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Well in that case, the cost to be deducted is the education, not the loan proceeds. Then, everyone that goes to college can deduct.

This brings up so many problems. Did you graduate? Was there actual work (potential income) for this investment? What about the guy that worked 2 jobs to put himself through school? He could have just gotten a loan and partied.