Make College Affordable Act of 2005
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Make College Affordable Act of 2005 - Amends the Internal Revenue Code to: (1) increase the amount of the tax deduction for higher education tuition and related expenses; and (2) allow a tax credit for up to $1,500 of the interest paid annually on certain student loans for higher education expenses. Reduces the allowable amount of both the tax deduction and the tax credit based upon taxpayer adjusted gross income levels. Provides for an inflation adjustment for calendar years after 2005 to such adjusted gross income levels.
Makes the tax deduction for higher education tuition and related expenses permanent.
Referred to the Committee on Finance.
- Committee Discharged Senate Formatted Text PDF
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 759: Make College Affordable Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-S-759/
"S. 759: Make College Affordable Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-759/.
S. 759, 109th Cong. (2026), https://openamerica.io/bill/109-S-759/.
[S. 759: Make College Affordable Act of 2005](https://openamerica.io/bill/109-S-759/)