3.0.0 5098 2023-01-13T04:48:45Z 2023-01-13T04:48:45Z House H HR 2006-04-05 109 hsed00 Education and the Workforce Committee House Standing hsed13 Higher Education and Workforce Development Subcomittee Referred to 2006-06-02T20:52:29Z Referred to 2006-04-05T13:55:15Z hswm00 Ways and Means Committee House Standing Referred to 2006-04-05T13:55:10Z 2006-06-02 hsed13 Higher Education and Workforce Development Subcomittee 1 House committee actions Referred to the Subcommittee on 21st Century Competitiveness. Committee 2006-04-05 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2006-04-05 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2006-04-05 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2006-04-05 Introduced in House IntroReferral Intro-H 9 Library of Congress 2006-04-05 Introduced in House IntroReferral 1000 9 Library of Congress M000627 Rep. Meehan, Martin T. [D-MA-5] MARTIN MEEHAN D MA T. 5 N Education College costs Economics and Public Finance Federally-guaranteed loans Finance and Financial Sector Government lending Higher education Income tax Interest rates Student loan funds Tax deductions Taxation Education 00 2006-04-05 Introduced in House 2006-04-13T17:36:18Z 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.

]]> College Debt Alleviation Act of 2006 Display Title College Debt Alleviation Act of 2006 Official Title as Introduced To amend the Internal Revenue Code of 1986 to extend and expand the deduction for tuition and related expenses for higher education and to reduce the maximum interest rate allowable on student loans. Introduced in House IH Short Titles as Introduced College Debt Alleviation Act of 2006 Introduced in House 2006-04-05T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr5098ih/xml/BILLS-109hr5098ih.xml 2006-06-02 Referred to the Subcommittee on 21st Century Competitiveness. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.