This bill amends the Internal Revenue Code to allow qualified tuition programs (known as 529 plans) to be used to repay qualified education loans. The bill allows up to $10,000 in distributions from a 529 plan to be used to pay the principal or interest on a qualified education loan of the designated beneficiary or a sibling of the beneficiary.
Received in the Senate and Read twice and referred to the Committee on Finance.
Message on House action received in Senate and at desk: House amendment to Senate amendment.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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