As important as education is, they can always borrow money (often with tax-deductible federal student loans) or even work for it.
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And interest on margin loans is often tax deductible.
ECONOMIST: Marginal differences
Many banks have transferred credit-card loans to home-equity loans, which are tax-deductible for the borrower and offer collateral for the lender.
ECONOMIST: The bigger they are
If the loan interest is tax-deductible (most mortgages, and some student loans depending on your income and interest amounts), then you lose the deduction on the interest you no longer pay, so you must adjust the return for taxes.
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The court noted that Mr. Sanders had used the loans for personal purposes making the resulting interest non-deductible.
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