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S 1974 106th Congress Senate

Make College Affordable Act of 1999

Official title: A bill to amend the Internal Revenue Code of 1986 to make higher education more affordable by providing a full tax deduction for higher education expenses and a tax credit for student education loans.

Introduced: September 12, 2000 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Taxation College costsCost of living adjustmentsEconomics and Public FinanceEducation
More subjectsShow fewer subjects
Educational financeFinance and Financial SectorHigher educationIncome taxIndexing (Economic policy)InterestLabor and EmploymentPersonal income taxStudent loan fundsTax creditsTax deductionsVocational and technical education
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) 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
Nov 19, 1999
Read twice and referred to the Committee on Finance.
Nov 19, 1999
Introduced in Senate
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 Latest action November 19, 1999

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service
Make College Affordable Act of 1999 - Amends the Internal Revenue Code to allow an annual income-adjusted deduction for qualified higher education expenses (tuition and academic fees) paid on behalf of a taxpayer, spouse, dependent, or grandchild. (Prohibits the use in the same year of such deduction and the Hope and Lifetime Learning Credits.)

Establishes an annual income-adjusted credit (up to $1,500) for the interest paid during the first 60 months of a qualified higher education loan by a non-dependent taxpayer.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Durbin, Richard J.
Illinois · Sep 12, 2000
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APA
U.S. Congress. (2026). S. 1974: Make College Affordable Act of 1999. 106th Congress. Open America. https://openamerica.io/bill/106-S-1974/
MLA
"S. 1974: Make College Affordable Act of 1999." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-S-1974/.
Bluebook (legal)
S. 1974, 106th Cong. (2026), https://openamerica.io/bill/106-S-1974/.
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[S. 1974: Make College Affordable Act of 1999](https://openamerica.io/bill/106-S-1974/)
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