Guaranteed Post Secondary Education for Americans Act

Guaranteed Post-Secondary Education for Americans Act - Amends the Internal Revenue Code to allow an income tax credit for the education expenses of any individual at an institution of post-secondary education. Allows a credit for 80 percent of expenses under $500, 60 percent of expenses between $500 and $1,000, and 40 percent of expenses between $500 and $2,250. Requires an annual cost of living adjustment to these expense limits. Limits the credit to the expenses of one student during the taxable year.