Students Need To Be Aware Of Debt Management (Plus 10 Associated Articles) http://net-teams.net/nti/Display.cfm/8044 If you haven’t heard, student loan interest is now a tax deductible item on your personal tax return. On August 1, 2005 the cap on the old maximum student loan rate was lifted, and the new one was pushed into effect. So exactly what is going to be the affect on your existing student loan going to be you may be wondering. How will this now change the end result of the parent or students tax return?A lot of the associations that offer student loans told students that their ... 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