Higher Education Finance Improvement Act

[AI summary unavailable — showing source text] Higher Education Finance Improvement Act - Amends the Internal Revenue Code to allow an income tax deduction for interest on any indebtedness incurred: (1) to pay the higher educational expenses of the taxpayer, spouse, or child; and (2) pursuant to a Federal or State loan guarantee or insurance program. (Under current law, such a loan must be secured by an interest in real property.) Allows penalty-free withdrawals from qualified retirement plans for the payment of qualified higher education expenses.…