H.R. 1766 · 109th Congress
To amend the Internal Revenue Code of 1986 to simplify the determination and deduction of interest on qualified education loans.
- Stage
- In committee
- Sponsor
- Phil English
- Introduced
- 2005-04-21
- Latest action
- 2005-04-21 · Introduced in House
Summary
Amends the Internal Revenue Code to: (1) treat education loan origination fees as tax deductible interest; (2) allow for accrual of interest on education loans; and (3) provide for the allocation of student loan payments to interest, fees, and principal.