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H.R. 3865, The College Tax Cut Extension Act of 2012 (2 comments ↓)

  • This item is from the 112th Congress (2011-2012) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

H.R. 3865 would amend the Internal Revenue Code of 1986 to extend the American Opportunity Tax Credit.

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Kevin

May 11, 2012, 4:05pm (report abuse)

No offense to the folks wanting to attend college, but if I could not afford to attend college myself, where is it written that my tax dollars should fund someone elses education?

Ellen

May 11, 2012, 5:37pm (report abuse)

Since I had students loans @ 8%, no forgiveness, no tax credit, and will be 3 years past retirement when they are paid off (later this year), I don't see why that would not be enough for others. The benefit of being able to get a student loan with only a signature and good faith should be enough. I was greatful and happy for just being able to get a loan which enabled me to get a job, to feed my kids, etc. and pay the loan back over 20+ years. People today just want everything easy and do not want the hardships that make success more meaningful. We need to get back to the hard work ethic of our forefathers. Maybe student loans need to be tied to the prime lending rate in some way so rates do not have to be revisited by congress. (Similar to mortgages) Any loan forgiveness is like a grant. Don't call it a loan. A loan indicates repayment and a grant indicates a gift. Call it what it is.

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