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HR 4323 104th Congress House

Family Affordable College Tuition Act of 1996

Official title: To amend the Internal Revenue Code of 1986 to make higher education more affordable by providing tax benefits to individuals who save for, or pay for, higher education.

Introduced: September 28, 1996 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Taxation College costsCost of living adjustmentsEconomics and Public FinanceEducation
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Educational financeEducational policyExcise taxFamiliesFinance and Financial SectorGrandparentsHigher educationIncomeIncome taxIndexing (Economic policy)InterestLabor and EmploymentLawSavings accountsStudent loan fundsTax deductionsTax exclusionTax exemptionTax penaltiesTax returnsTrusts and trusteesVocational and technical education
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 28, 1996
Referred to the House Committee on Ways and Means.
Sep 28, 1996
Introduced in House
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 Latest action September 28, 1996

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Family Affordable College Tuition Act of 1996 - Amends the Internal Revenue Code to provide an income-adjusted deduction for qualified higher education expenses and qualified higher education loan interest paid during the tax year.

Provides an income-adjusted deduction of up to $4000 for payments made to a qualified (higher) education savings plan during the tax year. Excludes plan distributions used to pay qualified education costs from gross income and dependent support determinations.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 4323: Family Affordable College Tuition Act of 1996. 104th Congress. Open America. https://openamerica.io/bill/104-HR-4323/
MLA
"H.R. 4323: Family Affordable College Tuition Act of 1996." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-4323/.
Bluebook (legal)
H.R. 4323, 104th Cong. (2026), https://openamerica.io/bill/104-HR-4323/.
Markdown link
[H.R. 4323: Family Affordable College Tuition Act of 1996](https://openamerica.io/bill/104-HR-4323/)
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