Make College Affordable Act of 2001

Summary

Make College Affordable Act of 2001 - Amends the Internal Revenue Code to allow an annual income-adjusted deduction for qualified higher education expenses (tuition and academic fees) paid on behalf of a taxpayer, spouse, dependent, or grandchild. (Prohibits the use in the same year of such deduction and the Hope and Lifetime Learning Credits.) Establishes an annual income-adjusted credit (up to $1,500) for the interest paid during the first 60 months of a qualified higher education loan by a non-dependent taxpayer.

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Timeline

1. 6 March 2001

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 6 March 2001

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 6 March 2001 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 6 March 2001

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 6 March 2001

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 6 March 2001

  Open at official source

Sponsors

• Charles Schumer · D · Sponsor
• Sen. Biden, Joseph R., Jr. [D-DE] · D · Sponsor
• Rep. Snowe, Olympia J. [R-ME-2] · R · Sponsor
• Sen. Bayh, Evan [D-IN] · D · Sponsor
• Sen. Smith, Gordon H. [R-OR] · R · Sponsor
• Richard Durbin · D · Cosponsor
• Sen. Landrieu, Mary L. [D-LA] · D · Cosponsor
• Sen. Kohl, Herb [D-WI] · D · Cosponsor
• Rep. Nelson, Bill [D-FL-11] · D · Cosponsor
• · ssfi00 · Standing

Related records

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