student loan tax deduction
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Students' Interest Rates Spike; Liberals Love Madmen, Too
On Saturday, July 1, students and parents across the nation were hit by a spike in interest rates on college loans. Congress has simply stood by and allowed the student loan interest rates to rise dramatically, also making parent loans even more expensive, basically putting college out of reach for a lot of productive college-bound citizens of post-modern America.
Average tuition and fees at a four-year college have risen by as much as 40 percent since 2001, when they were adjusted for inflation. The typical student loan borrower now averages out somewhere in the region of $17,500 in debt upon graduation. Yet another useful grant, the Pell Grant, made available to college-ready students, has had its maximum frozen for four years.
Congress has further mishandled plans to make education affordable by failing to extend the college tuition tax deduction bill.
More student loan tax deduction info
Thwaites faces 139 tax charges
Millionaire Wellington businessman, pub owner and sailor Stewart Thwaites has appeared in court facing more than 100 tax-related charges totalling $1.67 million.
James Stewart Thwaites, who owns the $7 million supermaxi yacht Konica Minolta, was charged by the Inland Revenue Department last month for offences allegedly committed between 2004 and 2006.
He appeared in Wellington District Court yesterday facing 139 tax charges.
Thwaites entered no plea and was remanded on bail to reappear on August 9.
Five companies Thwaites is involved with have also been named in court documents.
Capital Language Academy faces 32 charges of applying tax and student loan deductions to other purposes.
Loaded Hog Ltd Auckland faces 10 charges; Thistle Holdings Ltd has been charged with 33 offences; and Capital Hog Ltd was charged with 13 offences.