Amends the Internal Revenue Code to allow an income tax deduction for interest paid or incurred on a qualified educational loan.
Defines "qualified educational loan" as any indebtedness incurred to pay the educational expenses of the taxpayer or the taxpayer's spouse or dependent. (Present law requires that such a loan be secured by an interest in real property.)
Referred to House Committee on Ways and Means.
Referred to House Committee on Ways and Means.
Referred to House Committee on Ways and Means.
Committee on Finance. Hearings held.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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