I forgot before to add that student loan interest in normally tax deductable too (for what that helps in negating it as too big of an issue).
Actually, avarist, if you make >$65,000 adjusted gross income (as a single filer) then you are not able to deduct your student loan interest payments. This tax rule is entirely unfair for those of us that live in high cost areas and for those that have high interest rates.
I consolidated many years ago and secured a 2.25% interest rate which is mostly unheard of now. But I pay down a lot every month so I'm not still paying off this debt when I retire, but I am unable to deduct any part of it due to this rule. It is most frustrating.
avarist, I really hope that you haven't any private loans.