H.R.5661 - College Tuition Assistance Act of 2002107th Congress (2001-2002)
|Sponsor:||Rep. DeLauro, Rosa L. [D-CT-3] (Introduced 10/16/2002)|
|Committees:||House - Ways and Means; Education and the Workforce|
|Latest Action:||House - 10/16/2002 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (All Actions)|
This bill has the status Introduced
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Summary: H.R.5661 — 107th Congress (2001-2002)All Information (Except Text)
College Tuition Assistance Act of 2002 - Amends the Internal Revenue Code to increase the applicable dollar amount for the qualified tuition and related expenses deduction from $3,000 (for 2002 and 2003) and $4,000 (for 2004 and 2005) to $10,000.
Introduced in House (10/16/2002)
Increases the Lifetime Learning Credit percentage from 20 to 28 percent.
Permits the student loan interest deduction on a per student basis.
Amends the Higher Education Act of 1965 to extend and increase Pell grant maximum amounts ($6,500 for academic year 2003-2004 and $7,000 for academic year 2004-2005).