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...but they can. Student Loan Interest is tax deductible, see Chapter 4 in the Publication 970 by the IRS (source).
Alternatively, this may refer to depreciation, which is an interesting thought experiment, since that has an implication that a college degree would be recognizable as a fixed intangible asset on the balance sheet. Unfortunately, that thought experiment is rather short-lived as it fails the assertion of rights and obligations, i.e. the company fails to own or have the ownership rights or usage rights to this applicable asset.



















