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United States · Bill · HR

H.R. 1304 (108th)

College Affordability and Lifetime Savings Act

referredUnited States· United States Congress· EN

Introduced

18 March 2003

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

18 August 2025

Summary

College Affordability and Lifetime Savings Act - Amends the Internal Revenue Code to: (1) convert the current deduction for interest on education loans to a credit equal to 50 percent of the interest paid during the taxable year on any qualified education loan; and (2) exclude from gross income amounts which would be included under specified loan forgiveness programs for teachers and other public servants.

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Documents

3 official files

Introduced in House (text)

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