SPRINGFIELD - Employers can now make tax-free student loan payments on behalf of their employees, up to $5,250 a year through 2025, thanks to my bipartisan bill, the Employer Participation in Repayment Act, which is now law.

With workforce issues plaguing our economy and the amount of student loan debt growing each day, I hope employers consider offering this benefit to their employees if they are able. It’s a unique public-private partnership to help employees achieve financial freedom while also helping our country tackle this major debt crisis.

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To learn more about this benefit, watch this video by clicking here and visit rodneydavis.house.gov/studentloanbenefit.

Read More:

Feb 25, 2019 | U of I, NEA, & growing list of stakeholders back Davis’ Bill to reduce student debt Feb 25, 2019

Feb 8, 2019 | Reps. Davis and Peters reintroduce bipartisan bill to address rising student loan debt Feb 8, 2019

Mar 26, 2020 | Davis Bill to Ease Student Debt Included in Stimulus Mar 26, 2020

Mar 26, 2020 | Davis Announces Bill to Ease Student Debt Mar 26, 2020

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