The bill would permanently extend, in modified form, the American Opportunity Tax Credit (AOTC) for tuition and related post-secondary expenses that is currently scheduled to expire at the end of 2017.

[4] The Statutory Pay-As-You-Go Act of 2010 establishes budget-reporting and enforcement procedures for legislation affecting direct spending and revenues.

[4] The Student and Family Tax Simplification Act was introduced into the United States House of Representatives on October 30, 2013 by Rep. Diane Black (R, TN-6).

[6] President Barack Obama released a statement that he opposed the bill because "it is part of a broader effort to pass permanent, unpaid-for extensions of traditional tax extenders that, taken together, would add approximately $800 billion to the deficit.

[6] Rep. Diane Black, who sponsored the bill, argued that "streamlining the number of education provisions and retooling those that are most effective allows us to simplify the (tax) code and reduce some of the confusion that exists today.

"[1] Rep. Sander Levin (D-MI) opposed the bill, arguing that "in simplifying education provisions within the tax code, this bill leaves behind numerous undergraduate students, graduate students and lifetime learners" because of the other tax provisions it eliminates and the limit of only the first four years of schooling being eligible for the credit.

"[1] Rep. Charles Rangel (D-NY) objected to the permanence of the tax credit, arguing "there's no provisions to pay for it, and it buries us in more debt.

"[3] Rep. Dave Camp (R-MI) counter-argued that having a permanent tax credit was necessary to make sure that "families and students can rely on a constant policy.