An Act to reduce graduate student loan debt

HD 474 amends a tax code provision to include "graduate education debt" within the definition of eligible student debt for debt reduction purposes. It directly affects graduate students who took out state, federal, or commercial loans solely for tuition and related expenses at non-profit institutions offering graduate or professional degrees. The bill adds a specific definition clarifying that "graduate education debt" covers loans secured through approved state, federal, or commercial programs for graduate study. This change allows these loans to qualify under existing tax provisions for debt reduction, expanding eligibility beyond undergraduate loans.