The American Dental Association is supporting a student loan bill that would double the interest deduction and eliminate income limits.
The Student Loan Interest Deduction Act of 2021 was introduced to the House last July and is sponsored by Rep. Eric Swalwell. It would increase the maximum interest deduction from $2,500 to $5,000 and would remove the limitation on the deduction based on modified adjusted gross income.
ADA President Cesar Sabates, DDS, and Executive Director Raymond Cohlmia, DDS, thanked Mr. Swalwell for his support of the bill in a May 31 letter. They noted in the letter that financial hardships are a challenge especially for the more than one-third of dental school graduates who pursue low- or non-paying dental residencies.