Summary: This bill expands the tax exclusion for employer-provided educational assistance to include payments of qualified education loans by an employer to either an employee or a lender. Cosponsors
Summary from Countable: This bill — the Employer Participation in Repayment Act of 2019 — would expand the tax exclusion for employer-provided educational assistance to include payments of qualified education loans by an employer to either an employee or lender. This would apply to the first $5,250 of employer-provided student loan assistance money each year.
ANGIE CRAIG’S POSITION: Representative Craig cosponsored the bill on 3/5/19.
STATUS: Introduced 2/7/19 by Rep. Peters, Scott H. [D-CA-52].
ORGANIZATIONS IN SUPPORT OF THE BILL:
- Gradifi, a leading provider of student loan and college saving employee benefits, today announced its support for the Employer Participation in Repayment Act introduced by Senator Mark Warner, Senator John Thune, Senator Ed Markey, Congressman Scott Peters, and Congressman Rodney Davis. (Business Wire, February 12, 2019)
- From Countable: The National Association of College and University Business Officers (NACUBO), Association of Community College Trustees, The Association of Big Ten Students, the Society for Human Resource Management (SHRM), and Gradifi support this bill.