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S 2425 105th Congress Senate

Collegiate Learning and Student Savings Act

Official title: A bill to amend the Internal Revenue Code of 1986 to provide additional tax incentives for education.

Introduced: July 31, 1998 See on congress.gov
Taxation College costsEducationEducation savings accountsFinance and Financial Sector
More subjectsShow fewer subjects
Higher educationIncome taxMutual fundsPersonal income taxSecurities regulationTax exclusionTax penaltiesTax-exempt organizationsTuition tax credits
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 31, 1998
Read twice and referred to the Committee on Finance.
Jul 31, 1998
Sponsor introductory remarks on measure. (CR S9598)
Jul 31, 1998
Introduced in Senate
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 Latest action July 31, 1998

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Collegiate Learning and Student Savings Act - Amends the Internal Revenue Code to: (1) permit private higher educational institutions, in addition to currently permitted State institutions, to establish qualified tuition programs; and (2) exclude from gross income such program distributions used for qualified higher education expenses.

Amends the Investment Company Act of 1940 to exempt qualified tuition programs from the definition of an investment company.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
McConnell, Mitch
Kentucky · Jul 31, 1998
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2425: Collegiate Learning and Student Savings Act. 105th Congress. Open America. https://openamerica.io/bill/105-S-2425/
MLA
"S. 2425: Collegiate Learning and Student Savings Act." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-S-2425/.
Bluebook (legal)
S. 2425, 105th Cong. (2026), https://openamerica.io/bill/105-S-2425/.
Markdown link
[S. 2425: Collegiate Learning and Student Savings Act](https://openamerica.io/bill/105-S-2425/)
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