The current rule allows recent medical graduates earning less than $80,000 a year to deduct up to $2,500 in interest on private or public student loans, according to the report.
To put the potential effect of a repeal in context, data from the Association of American Medical Colleges shows 75 percent of 2017 medical school graduates had total student loan debt averaging $190,694.
The Joint Committee on Taxation estimates repealing the student loan interest deduction would increase revenues by $47.5 billion by 2027.
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