This bill amends the Internal Revenue Code to allow qualified tuition programs (known as 529 plans) to be used to repay qualified education loans. The bill allows up to $10,000 in distributions from a 529 plan to be used to pay the principal or interest on a qualified education loan of the designated beneficiary or a sibling of the beneficiary.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2018-09-10 | IntroReferral | Referred to the House Committee on Ways and Means. | House floor actions |
| 2018-09-10 | IntroReferral | Introduced in House | Library of Congress |