Higher Education Affordability and Equity Act of 2010
Official title: To amend the Internal Revenue Code of 1986 to expand incentives for education.
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Referred to the House Committee on Ways and Means.
Higher Education Affordability and Equity Act of 2010 - Amends the Internal Revenue Code to: (1) repeal the dollar limitation on the tax deduction for interest on education loans and expand eligibility for such deduction by increasing the threshold for the phaseout of such deduction; (2) increase to $5,000 the maximum allowable contribution to a Coverdell education savings account; and (3) include qualified higher education expenses (i.e., books, supplies, room, board, and special needs services) as amounts excludable from gross income as a qualified scholarship.
Exempts from the general terminating date of the Economic Growth and Tax Relief Reconciliation Act (i.e., December 31, 2010) provisions of that Act modifying education individual retirement accounts and expanding the tax deduction for student loan interest.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 5078: Higher Education Affordability and Equity Act of 2010. 111th Congress. Open America. https://openamerica.io/bill/111-HR-5078/
"H.R. 5078: Higher Education Affordability and Equity Act of 2010." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-5078/.
H.R. 5078, 111th Cong. (2026), https://openamerica.io/bill/111-HR-5078/.
[H.R. 5078: Higher Education Affordability and Equity Act of 2010](https://openamerica.io/bill/111-HR-5078/)