Bill in Congress would enable employers to help pay student loans in return for tax breaks
By Ese Olumhense Student loan debt now over $1.3 trillion A bipartisan coalition of legislators is making a move on a bill that would enable companies to offer tax-free tuition assistance benefits to their employees in return for tax breaks. Rep. Rodney Davis (R-Illinois), who in February introduced H.R. 795, the Employer Participation in Student Loan Assistance Act, held a news conference in Washington on Thursday regarding the proposal, which has garnered support from 30 of his Republican and Democrat colleagues. Davis was joined by co-sponsor Scott Peters (D-California), who, like Davis, has worked actively to address the “rising burden of student loan debt.”