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Up to $2500 of interest paid on student loan debt is currently tax deductible. Suppose that interest rates on student loans are currently 3%. Consider

Up to $2500 of interest paid on student loan debt is currently tax deductible. Suppose that interest rates on student loans are currently 3%. Consider a taxpayer who has student debt, pays a marginal tax rate of 24%, and pays an average tax rate of 18%. What is this taxpayers net price for student loan debt due to the tax deduction?

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