Employer Help to Pay Off Student Loans?
It’s easy and important to Contact your Congressional Representative NOW if you would like employer help to pay off student loans nationwide including Kansas City. NOW is the time, according to the Society for Human Resources to “Please email your lawmakers to urge him/her to support the inclusion of H.R. 795, the Employer Participation in Student Loan Assistance Act in a year-end tax package. This bipartisan legislation introduced in the House by Representatives Rodney Davis (R-IL), Scott Peters (D-CA), Jared Polis (D-CO), and Elise Stefanik (R-NY) would expand section 127 of the Internal Revenue Code (IRC) to include student loan repayment. Employers would be able to voluntarily provide student loan repayment as a tax-free benefit up to $5,250 per year, per employee.”