Higher Education Affordability and Fairness Act

Summary

Higher Education Affordability and Fairness Act - Amends the Internal Revenue Code to allow a limited tax deduction for qualified higher education tuition and related expenses. Provides that the increase in the Lifetime Learning Credit to 20 percent of $10,000 of tuition from $5,000 of tuition shall be effective starting in 2002 rather than 2003. Directs the Comptroller General of the United States to conduct an annual study to examine whether the Federal income tax incentives to provide education assistance affect higher education tuition rates in order to identify if institutions of higher education are absorbing the intended savings by raising tuition rates. Expresses the sense of the Senate that the maximum Pell Grant should be increased to $4,700 to pay approximately: (1) 20 percent of the tuition, fees, room and board, and other expenses of the average college; or (2) the tuition and fees of the average public college.

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Timeline

1. 4 April 2001

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 4 April 2001

   Introduced

   Sponsor introductory remarks on measure. (CR S3437-3438)

   Source: IntroReferral

3. 4 April 2001

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 4 April 2001 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 4 April 2001

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 4 April 2001

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 4 April 2001

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Torricelli, Robert G. [D-NJ] · D · Sponsor
• Sen. Corzine, Jon S. [D-NJ] · D · Sponsor
• · ssfi00 · Standing

Related records

• related to → Higher Education Affordability and Fairness Act