Skip to main content
HR 1304 108th Congress House Taxation Child care workers Cost of living adjustments Economics and Public Finance Education Elementary and secondary education Families Federal aid to education Finance and Financial Sector Higher education Income tax Indexing (Economic policy) Interest Scholarships Student loan funds Tax credits Tax exclusion Teachers

College Affordability and Lifetime Savings Act

Introduced: March 18, 2003 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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
Mar 18, 2003
Referred to the House Committee on Ways and Means.
Mar 18, 2003
Sponsor introductory remarks on measure. (CR E485-486)
Mar 18, 2003
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service
College Affordability and Lifetime Savings Act - Amends the Internal Revenue Code to: (1) convert the current deduction for interest on education loans to a credit equal to 50 percent of the interest paid during the taxable year on any qualified education loan; and (2) exclude from gross income amounts which would be included under specified loan forgiveness programs for teachers and other public servants.
What's happening now March 18, 2003

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 12
All 12 Democratic 11 Independent 1
D
Kaptur, Marcy
Ohio · Apr 3, 2003
 D
Davis, Danny K.
Illinois · Mar 25, 2003
 D
Case, Ed
Hawaii · Mar 18, 2003
 D
Doggett, Lloyd
Texas · Mar 18, 2003
 D
Lofgren, Zoe
California · Mar 18, 2003
 D
Markey, Edward J.
Massachusetts · Mar 18, 2003
 D
McCollum, Betty
Minnesota · Mar 18, 2003
 D
McGovern, James P.
Massachusetts · Mar 18, 2003
 D
Nadler, Jerrold
New York · Mar 18, 2003
 D
Neal, Richard E.
Massachusetts · Mar 18, 2003
 I
Sanders, Bernard
Vermont · Mar 18, 2003
 D
Schakowsky, Janice D.
Illinois · Mar 18, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1304: College Affordability and Lifetime Savings Act. 108th Congress. Open America. https://openamerica.io/bill/108-HR-1304/
MLA
"H.R. 1304: College Affordability and Lifetime Savings Act." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-1304/.
Bluebook (legal)
H.R. 1304, 108th Cong. (2026), https://openamerica.io/bill/108-HR-1304/.
Markdown link
[H.R. 1304: College Affordability and Lifetime Savings Act](https://openamerica.io/bill/108-HR-1304/)
Report a problem