The Tax Relief Act of 2010 (“TRA 2010″) carried over the ability to continue to deduct interest without regards to
date the loan was taken out. But, like many of those “extender provisions” passed last year, it is not permanent. After 2012, the tax law will revert back to the pre-EGTRRA rules and interest on a student loan will only be deductible for the first five years of repayment.
Sunday, January 27, 2013
Interest on student loans only deductible first 5 years of repayment as of 2012.
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Whitney Tilson (3rd background)
"Let’s be honest: we need a lot more well-off, well-educated white folks with a personal stake in both charter schools and education reform in general if we’re going to take reform to the next level, both politically and operationally.Whitney Tilson, hedge fund manager and major funding angel for the school privatizing Democrats for Education Reform, thinks there’s not enough rich, educated white folks.( Preaprez) click photo to his blog.
Arne Duncan
U.S. Secretary of Education, click photo
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