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S 473 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 interest on student loans.

Introduced: February 25, 1999 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 financeFinance and Financial SectorHigher educationIncome taxIndexing (Economic policy)InterestLabor and EmploymentPersonal income taxStudent loan fundsTax 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 25, 1999
Read twice and referred to the Committee on Finance.
Feb 25, 1999
Sponsor introductory remarks on measure. (CR S2022)
Feb 25, 1999
Introduced in Senate
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 Latest action February 25, 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 the deduction of qualified higher education expenses and interest on qualified higher education loans. Limits such deduction based on modified adjusted gross income.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 473: Make College Affordable Act of 1999. 106th Congress. Open America. https://openamerica.io/bill/106-S-473/
MLA
"S. 473: Make College Affordable Act of 1999." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-S-473/.
Bluebook (legal)
S. 473, 106th Cong. (2026), https://openamerica.io/bill/106-S-473/.
Markdown link
[S. 473: Make College Affordable Act of 1999](https://openamerica.io/bill/106-S-473/)
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