You can do what describe with education credits, along with other tools. And in your example you could also use student loan repayments for taxable income redu

You can do what describe with education credits, along with other tools. And in your example you could also use student loan repayments for taxable income reductions in the same manor. Only the interest, but that is the same a business not being able to deduct capital investment. With the assumption that we are treating debt like income for the individual, except that individuals do not report that as other income.