The American Dental Association is supporting legislation that would double the student loan interest deduction — from $2,500 to $5,000 — and eliminate the income limits that prevent those who live in high-cost areas from reaping the benefit.
In a May 31 letter
to Rep. Eric Swalwell, D-Calif., ADA President Cesar R. Sabates, D.D.S., and Executive Director Raymond A. Cohlmia, D.D.S., thanked the lawmaker for sponsoring HR 4726, the Student Loan Interest Deduction Act of 2021.
“Today’s new dentists face unprecedented levels of debt as a direct result of paying for dental school,” wrote Drs. Sabates and Cohlmia, who noted that new dentists graduate with on average nearly $305,000 in educational debt, according to the 2020 American Dental Education Association’s Survey of U.S. Dental School Seniors.