To amend the Internal Revenue Code of 1986 to make the Hope and Lifetime Learning Credits refundable, and to allow taxpayers to obtain short-term student loans by using the future refund of such credits as collateral for the loans.

Summary

Amends the Internal Revenue Code to: (1) make the Hope Scholarship and Lifetime Learning tax credits refundable; and (2) allow students to use future refunds of tax credit amounts to secure student loans of up to $1,000 ($1,500 for first or second-year students).

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 21 April 2005

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• Introduced in House (PDF)

  Introduced in House · EN · 21 April 2005

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• Introduced in House

  summary · EN · 21 April 2005

  Open at official source

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