Section 1. Short title
This Act may be cited as the Student Loan Deduction Act of 2024.
Section 2. Deduction for student loan payments
Section 5(e) of the Food and Nutrition Act of 2008 (7 U.S.C. 2014(e)) is amended by adding at the end the following:
(A) Definition of student loan
In this paragraph, the term student loan means any of the following:
(i) A loan that is made, insured, or guaranteed under title IV of the Higher Education Act of 1965 (20 U.S.C. 1070 et seq.).
(ii) A private education loan (as defined in section 140(a) of the Truth in Lending Act (15 U.S.C. 1650(a))).
(B) Deduction
Beginning 180 days after the date of enactment of this paragraph, a household shall be entitled, at certification or recertification, as applicable, with respect to expenses other than expenses paid on behalf of the household by a third party, to a deduction for the amount of monthly payments made by a household member on a student loan of that household member or any other household member.