H.R. 5098 · 109th Congress
College Debt Alleviation Act of 2006
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
No cosponsors.
College Debt Alleviation Act of 2006 - Amends the Internal Revenue Code of 1986 to: (1) extend the tuition and related expenses tax deduction through 2010; (2) increase the maximum eligible adjusted gross income (AGI) threshold from $65,000 to $80,000 (from $130,000 to $160,000 for a joint return); and (3) increase the deduction from $3,000 to $8,000.
What it does: CRS summary · Introduced in House · Apr 5, 2006
College Debt Alleviation Act of 2006 - Amends the Internal Revenue Code of 1986 to: (1) extend the tuition and related expenses tax deduction through 2010; (2) increase the maximum eligible adjusted gross income (AGI) threshold from $65,000 to $80,000 (from $130,000 to $160,000 for a joint return); and (3) increase the deduction from $3,000 to $8,000. Revises the formula for determining the AGI for the purposes of this deduction.
Amends the Higher Education Act of 1965 to reduce student loan interest rates on federal PLUS loans and consolidation loans under the Federal Family Education Loan (FFEL) and Direct Loan programs.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: College Debt Alleviation Act of 2006
Latest action (Jun 2, 2006): Referred to the Subcommittee on 21st Century Competitiveness.
Policy area: Education · Origin: House · Introduced: Apr 5, 2006
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.