Congress Considers Student Loan Interest Education Act
Most dental school graduates are excited to start the next phase of their careers. However, high student loan debt can be an unwelcome shock as new dentists try to find their footing. Some will graduate with more than $300,000 of dental school debt. HR 4726, the Student Loan Interest Deduction Act of 2021 is trying to help dentists better handle such heavy debt loads by increasing the amount of loan interest that can be deducted from federal income taxes to $5,000 and eliminating the income limits associated with this deduction for dentists who complete residencies in underserved areas. The American Dental Association publicly supports the bill. Click here to read more.