S.360 - Federal Government - A bill to amend the Internal Revenue Code of 1986 to expand expenses which qualify for the Hope Scholarship Credit and to make the Hope Scholarship Credit and the Lifetime Learning Credit refundable.

Greater Access to Education Act of 2007 - Amends Internal Revenue Code provisions relating to the Hope Scholarship tax credit to: (1) include room, board, fees, books, supplies, and equipment as expenses eligible for such credit; (2) exclude Pell and Supplemental Educational Opportunity Grants from types of scholarship assistance which reduce the allowable amount of such credit; and (3) exempt certain expenses eligible for such credit from tax information reporting requirements.

Makes the Hope Scholarship and Lifetime Learning tax credits refundable.