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S 454 110th Congress Senate

Improving Access to Higher Education Act of 2007

Official title: A bill to provide an increase in funding for Federal Pell Grants, to amend the Internal Revenue Code of 1986 in order to expand the deduction for interest paid… Show full official titleShow less

Official title: A bill to provide an increase in funding for Federal Pell Grants, to amend the Internal Revenue Code of 1986 in order to expand the deduction for interest paid on student loans, raise the contribution limits for Coverdell Education Savings Accounts, and make the exclusion for employer provided educational assistance permanent, and for other purposes.

Introduced: January 31, 2007 Introduced by: Collins, Susan M. Republican · Maine See on congress.gov
Education CongressEconomics and Public FinanceEducation savings accountsEmployee benefit plans
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Federal aid to educationHigher educationIncome taxInterestLabor and EmploymentScholarshipsStudent loan fundsSunset legislationTax deductionsTax exclusionTaxation
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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
Jan 31, 2007
Read twice and referred to the Committee on Finance.
Jan 31, 2007
Sponsor introductory remarks on measure. (CR S1430-1431)
Jan 31, 2007
Introduced in Senate
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 Latest action January 31, 2007

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Improving Access to Higher Education Act of 2007 - Amends the Higher Education Act of 1965 to increase the maximum Pell Grant award to $5,100 for the 2007-2008 academic year. Raises the minimum Pell Grant award from $400 to $500.

Amends the Internal Revenue Code to raise: (1) the maximum student loan interest deduction to $3,750; and (2) the modified adjusted gross income level where such deduction begins to be phased-out.

Exempts from the sunset provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA): (1) the elimination of the 60-month limit on the period of such deduction; and (2) the increase in the income limitation on such deduction.

Increases the maximum annual contribution limit for Coverdell education savings accounts from $2,000 to $3,000, and makes such increase permanent.

Repeals the EGTRRA sunset on the tax exclusion of employer-provided educational assistance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 454: Improving Access to Higher Education Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-S-454/
MLA
"S. 454: Improving Access to Higher Education Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-454/.
Bluebook (legal)
S. 454, 110th Cong. (2026), https://openamerica.io/bill/110-S-454/.
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[S. 454: Improving Access to Higher Education Act of 2007](https://openamerica.io/bill/110-S-454/)
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