College Opportunity Tax Cut: Providing Tax Incentives to Make Higher Education More Affordable

Office of the Press Secretary

For Immediate Release January 20, 2000


Investing $30 Billion in a College Opportunity Tax Cut. Since 1993 the President has taken numerous steps to make college more affordable and accessible, including direct student loans, Pell Grant increases, and the Hope Scholarship and the Lifetime Learning tax credits producing the biggest expansion in college support since the GI bill. But tuition costs continue to rise and many students and their families are still struggling to make ends meet. That is why today the President will propose the College Opportunity Tax Cut that will, when fully phased in, provide up to $2,800 in tax relief for students or their families. The Presidentís proposal would cost $30 billion over 10 years.

How the College Opportunity Tax Cut Works. The Presidentís proposal would help make college, graduate school, and job training more affordable for millions of families -- including expanding the tax cut and making it available to more families. In general, the proposal would provide up to $2,800 annually in tax relief per family.

What the College Opportunity Tax Cut Would Mean for Typical Families

The Presidentís New Proposal Builds on His Previous Steps to Make College More Affordable. Since 1993, President Clinton has been dedicated to expanding access to education and training beyond high school. New and expanded programs provide over $50 billion in student aid annually -- compared to $22 billion when he took office.

What's New - January 2000

African American History Month

Protecting America’s Natural and Historic Treasures

Remarks by Samuel Berger to the National Press Club

The Lowest Unemployment Rate in 30 Years

President Clinton Announces Bioenergy & Bioproducts Tax Incentives January 27, 2000

President Clinton Proposes to Expand the Earned Income Tax Credit

Unprecedented National Effort to Improve Our Nation’s Schools by Dramatically Increasing Accountability and Investment

FY2001 New Opportunity Agenda

FY2001 Budget & New Opportunity Agenda

President Clinton Unveils First Accounts

Major New Increase in Funding to Determine Environmental Causes of Disease

New Public-Private Partnerships to Increase Aviation Safety

President Clinton Unveils Largest Ever National Gun Enforcement Initiative

New Multimillion Dollar Increase to Combat HIV and AIDS

The President Triples His Long-Term Care Tax Credit

Major New Health Insurance Initiative

A New Opportunity Agenda for Higher Education: Making Critical Investments in Education and Training

College Opportunity Tax Cut: Providing Tax Incentives to Make Higher Education More Affordable

Nearly a $3 Billion Increase in 21st Century Research Fund

Promoting Bioenergy and Biobased Products

Information Technology For the 21st Century

Remarks by the President at Event Commemorating End of Ramadan

Remarks by the President At America’s Millennium Gala - The Lincoln Memorial

Clinton-Gore Administration Proposes Record

National Nanotechnology Initiative: Leading to the Next Industrial Revolution

Getting the Job Done for the American People in 2000

Proclamation: Martin Luther King, Jr., Federal Holiday, 2000

President Clinton Announces New Equal Pay Initiative

Largest Ever National Gun Enforcement Initiative, January 18, 2000

New Responsible Fatherhood Initiative to Promote Work and Boost Child Support Payments

2001 Budget Will Pay Down Debt by 2013

President Clinton Proposes State Licenses for Handgun Purchases

The Clinton-Gore Economic Record: Strong and Sustained Economic Growth

Revitalizing America’s Cities

President Clinton Unveils Millennium Initiative to Promote Delivery of Existing Vaccines in Developing Countries and Accelerate Development of New Vaccines

President and First Lady | Vice President and Mrs. Gore
Record of Progress | The Briefing Room
Gateway to Government | Contacting the White House | White House for Kids
White House History | White House Tours | Help
Privacy Statement


Site Map

Graphic Version

T H E   W H I T E   H O U S E