Dave Camp: “Today, more and more Americans are pursuing the dream of earning a college degree, but for many, realizing that dream is…”

“Today, more and more Americans are pursuing the dream of earning a college degree, but for many, realizing that dream is getting more difficult. Tuition prices continue to climb, making it harder for Americans to plan for and afford a higher education. Worse yet, our broken Tax Code makes it harder than ever to pay for it. Currently, there are 15 complicated and, at times, overlapping education provisions that include over 90 pages of IRS instructions. Students and parents alike are already juggling busy schedules as is, and they shouldn't be forced to go through 90 pages of IRS explanations just to figure out the best way to save and pay for a college education. We need a simple solution that makes it easier to qualify for tax relief and to ultimately afford college. We owe it to the millions of young adults paying their way through college and the families who budget every year to save for their children's education to simplify the system and help make a good education affordable. The bill before us, H.R. 3393, the Student and Family Tax Simplification Act, would do just that. This legislation will make paying for college easier, by combining and making more efficient four tax benefits for higher education into a new, simpler, and more valuable American opportunity tax credit, and this new, improved credit will provide greater benefits for those who need it most.…”