,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #bjjf  ,,in ,,the ,,house ,,of  
,,representatives  ,may #ae1 #bjac ,mr4 
,walberg 7for himself and ,mr4 ,kildee7 
introduced the following bill2 which was
 referred to the ,committee on ,ways and
 ,means  ,a ,,bill  ,to amend the       
,internal ,revenue ,code of #aihf to    
expand access to ,coverdell education   
savings accounts4  #a4 ,short title     
,this ,act may be cited as the ,helping 
,families ,save for ,education ,act4    
#b4 ,findings ,the ,congress finds the  
following3  7#a7 ,college costs have    
increased tremendously over the past    
decade4 ,between academic year          
#bjjb-bjjc and academic year            
#bjab-bjac--  7,a7 published tuition and
 fees for students at public #d-year    
institutions of higher education        
increased from #e1bac to #h1fee or by   
#ff percent beyond the rate of          
inflation1  7,b7 published tuition and  
fees for students at public #b-year     
institutions of higher education        

increased from #b1abi to #c1aca or by   
#dg percent beyond the rate of          
inflation1 and  7,c7 published tuition  
and fees for students at private #d-year
 institutions of higher education       
increased from #bb1igd to #bi1jef or by 
#bf percent beyond the rate of          
inflation4  7#b7 ,federal financial aid 
for students has also increased rapidly 
but failed to mitigate the issues of    
rising college costs4 ,between academic 
year #bjja-bjjb and academic year       
#bjaa-bjab--  7,a7 the amount of        
,federal financial aid in the form of   
,federal ,pell ,grants1 ,federal student
 loans1 campus-based aid1 veterans      
educational benefits1 and tax credits   
increased from #gb4c billion to #agc4h  
billion or by #adj percent beyond the   
rate of inflation1 and  7,b7 the        
,federal ,government's share of total   
student aid administered increased from 
#fg percent to #gc percent4  #c4        
,expansion of ,coverdell education      
savings accounts  7a7 ,increase in age  

limitation of beneficiary after which   
contributions to account cannot be made 
,clause 7ii7 of section                 
#ecj7;b77#a77;,a7 of the ,internal      
,revenue ,code of #aihf is amended by   
striking age #ah and inserting age #bb4 
7b7 ,increase in annual dollar          
limitation on contributions to account  
,clause 7iii7 of section                
#ecj7;b77#a77;,a7 of such ,code is      
amended by striking #b1jjj and inserting
 #aj1jjj4  7c7 ,effective dates  7#a7   
,increase in age limitation ,the        
amendment made by subsection 7a7 shall  
apply to contributions made after the   
date of the enactment of this ,act4     
7#b7 ,increase in annual dollar         
limitation on contributions ,the        
amendments made by subsection 7b7 shall 
apply to contributions made in taxable  
years ending after the date of the      
enactment of this ,act4