[Congressional Record Volume 147, Number 85 (Tuesday, June 19, 2001)]
[House]
[Page H3232]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
IMPROVING THE HOPE SCHOLARSHIP TAX CREDIT
(Mr. CAMP asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. CAMP. Madam Speaker, the passage of the Taxpayer Relief Act of
1997 contained a signature initiative, the HOPE Scholarship Tax Credit.
The HOPE Scholarship provides annual scholarship benefits to students.
However, many of the students who need the most help do not benefit
from the program.
The gentleman from Massachusetts (Mr. McGovern) and I are introducing
legislation that would address these shortcomings. Currently, the HOPE
tax credit can be used only for tuition and some expenses. However,
college students must pay for much more than just tuition. Our
legislation would allow the scholarships to cover required fees, books,
supplies and equipment.
Additionally, a student's eligibility is currently reduced by any
other grants they receive. As a result, benefits have been limited
primarily to middle and upper-middle income taxpayers. That explains
why fewer than one-fifth of all full-time students attending community
colleges qualify for maximum HOPE Scholarship benefits. Our legislation
would ensure that any Pell Grants and other grants a student receives
are not counted against the student's eligibility.
Let us help make the HOPE Scholarship available to community college
students. This legislation has bipartisan support and cosponsors, and
also support from a number of higher education organizations.
I urge the House to bring up this legislation in the near future.
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