Higher Education Affordability and Equity Act of 2003
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Higher Education Affordability and Equity Act of 2003 - Amends the Internal Revenue Code and the Higher Education Act of 1965 to expand education incentives, including: (1) the deduction for interest on education loans; (2) making the deduction for qualified tuition and related expenses permanent; (3) increasing allowable contributions to Coverdell education savings accounts; (4) allowing qualified higher education expenses (books, supplies, room, board, and special needs services) to be excluded from gross income in the case of scholarship programs for higher education; and (5) repealing the sunset provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 applicable to title IV (Affordable Education Provisions) of such Act.
Referred to the Subcommittee on 21st Century Competitiveness.
- Introduced in House Formatted Text PDF
Cite this page
U.S. Congress. (2026). H.R. 3412: Higher Education Affordability and Equity Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-3412/
"H.R. 3412: Higher Education Affordability and Equity Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-3412/.
H.R. 3412, 108th Cong. (2026), https://openamerica.io/bill/108-HR-3412/.
[H.R. 3412: Higher Education Affordability and Equity Act of 2003](https://openamerica.io/bill/108-HR-3412/)