If you pay student loans, the GOP tax overhaul could affect you. Here’s how
Both the Senate and House tax overhaul bills could make higher education more expensive for some students, though in different ways. The biggest proposed changes in the House bill would end...
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JUDY WOODRUFF: We return now to the Republican efforts to overhaul the tax code. Both the Senate and House tax bills are large and complex pieces of legislation, and they could affect key sectors of the American economy and society that have not gotten as much attention. One of those is the potential impact on higher education, and that's our focus of our weekly Making the Grade segment. John Yang has the story. JOHN YANG: Judy, the Senate and the House tax bills could make higher education more expensive for some students, though in different ways. The biggest changes are in the House bill, which would end the deduction for interest paid on student loans. Some 12 million people used that deduction in 2015, the last year reported by the IRS. Danielle D...
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JUDY WOODRUFF: We return now to the Republican efforts to overhaul the tax code. Both the Senate and House tax bills are large and complex pieces of legislation, and they could affect key sectors of the American economy and society that have not gotten as much attention. One of those is the potential impact on higher education, and that's our focus of our weekly Making the Grade segment. John Yang has the story. JOHN YANG: Judy, the Senate and the House tax bills could make higher education more expensive for some students, though in different ways. The biggest changes are in the House bill, which would end the deduction for interest paid on student loans. Some 12 million people used that deduction in 2015, the last year reported by the IRS. Danielle D...
