Summary: H.R.553 — 105th Congress (1997-1998)All Information (Except Text)

There is one summary for H.R.553. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/04/1997)

Education Affordability Act of 1997 - Amends the Internal Revenue Code to: (1) exclude qualified scholarships and fellowships from income; (2) allow the deduction of interest on qualified educational loans; and (3) permit distributions from individual retirement accounts to be used for qualified educational expenses.