Taxing the rich - what is the cutoff?

[Sheriff Gonna Getcha]

Originally Posted by saden1

Look on the bright side, it' an investment in yourself and potential earning. Plus your interest is tax deductible, and I'm not sure about this one but couldn't you deduct your loan payment as an educational expense as well?

The interest is deductible, but I still take a huge hit on the interest for my student loans. The student loans are, to my knowledge, not deductible as an educational expense (e.g., a Hope of Lifetime Learning Credit) because I am no longer a student.