- Apr 5, 2010
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The House Tax Cut bill eliminates the deduction for interest on college loans & ends the tax free status of tuition waivers for grad students.
Keep them stupid is the Republican mantra. Their base is disproportionately dumbasses. They want to expand their base.
Considering the increases in the Standard deduction and the personal exemption, most college students shouldn't notice any change.
They are two of many exemptions being given the axe in the quest for simplification.