Reduce your student loan debt. This month, I again increased my monthly payment to my student loan debt. This student loan is currently the only debt I have, and I no longer qualify for a tax reduction for paying student loan interest Apply surplus to Social Security, Medicare, tax cuts & debt. (Jul 1998) * Voted YES on $40B in reduced federal overall spending. (Dec 2005) * Voted NO on prioritizing national debt reduction below tax cuts. (Apr 2000 Debt Reducsion bankbank.com Ten Things to Do With $1000 (Plus 21 More) Home