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S. 3266 (114th): Student Loan Tax Relief Act

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Jul 14, 2016.

Student Loan Tax Relief Act

This bill amends the Internal Revenue Code to exclude from gross income of an individual the discharge (in whole or in part) of student loans. The student loans covered by the bill include: (1) any loan provided expressly for postsecondary educational expenses and made by specified U.S. entities, states, political subdivisions, the District of Columbia, or any institution of higher education; (2) any private education loan; and (3) loans made by specified educational and tax-exempt organizations that meet certain requirements.