<prompt> Human: Based on the recent passing of something that graduate students loans will now be taxed at least thats how I understand it, is it a bad time to start Grad school? I am currently debt free, but will certainly have to take own loans to go to grad school. I am looking for guidance on what that new law really is, and how it will aeffect me. hopefully grad school will teach me the difference between affect and effect because I still cant seem to get it straight.-Ive had a Bachelors for 4 years, I dont want to wait too long.  <response>: This bill hasnt passed, but even it if did, it would only tax your tuition, not your loans. Heres a helpful visual 