Model Legislation: A Federal Tax Credit for Student Loan Interest
Since the release of our white paper in February, the Project on Student Debt has been gathering feedback and developing models for potential reforms to the student loan repayment system. Today we are issuing model legislation for a federal student loan interest tax credit. This credit provides more meaningful relief to households with burdensome student debt than the current student loan interest deduction. It rewards work, encourages timely payment, and recognizes family responsibilities.

On May 4 we will announce additional policy developments and new research findings.

Update to "How Much Debt is Too Much?"
This important paper, authored by Sandy Baum with Saul Schwartz and presented at our November symposium, has been updated. It now includes a new approach to determining affordable student loan payments that takes family size into account. See the updated paper.

New Student Debt Clock
Student Debt Alert is keeping track of the nation's federal student loan debt. Watch it rise before your very eyes! The sponsors will help you post the debt clock on your web site, too: contact chris.lindstrom@pirg.org.

(This announcement was sent to the Project on Student Debt mailing list on April 20, 2006.)