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Congressional Update – Student Loan Employment Benefits Act of 2016

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The bill below was recently introduced on Capitol Hill and it involves student loans. If you would like to learn more about the bill, please click the link below.

Student Loan Employment Benefits Act of 2016

H.R. 5382 — Introduced

TITLE. This Act may be cited as the “Student Loan Employment Benefits Act of 2016″. SEC. 2. STUDENT LOAN PAYMENT ASSISTANCE PROGRAMS. (a) In General.–Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 127 the following new section: “SEC. 127A. STUDENT LOAN PAYMENT ASSISTANCE PROGRAMS. “(a) In General.–Gross income of an employee does not include amounts paid or incurred by the employer for student loan payment assistance provided to …

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1 Comment

  • Let me understand this bill…. so it is limited to just $5,000.00 a year? WTF? That does nothing to pay down a student loan! In fact it would not even cover the interest on the loan in a year’s time! Another stupid NON-HELPFUL piece of legislation! $416.00 a month that is peanuts!

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