<prompt> Human: I am a medical student, and will need about 150,000 in loans for the next two years. This will be in addition to the 150,000 I already have against me. Ive read that the new tax bill will be really detrimental to me. My questions are:Exactly how are my student loans going to be affected?Will private loans be affected by this legislation?And finally, Am I better off taking out a private loan before the end of the year to cover tuition for the next two years? If by some miracle I even qualifyI wont be able to start making payments for up to 3 years from now either way.  <response>: One version of the tax bill would have removed the student loan interest deduction. The senate version keeps this.If youre going to med school, your income will probably disqualify you from taking that deduction anyway. If youre married, youll probably make too much, and if youre not married, youll definitely make too much maybe not while youre an intern. In any case, the student loan interest deduction is capped at 2500 per year, so it only saves you about 1000.Basically, get the lowest rate you can for your student loans, and dont worry too much about taxes. 