Gradifi Endorses The Bipartisan Employer Participation In Repayment Act
FIRST REPUBLIC BANK (FRC)
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Source: Business Wire
Legislation Could Potentially Offer Relief To Millions of Americans, Motivate More Employers To Offer A Student Loan Repayment Program BOSTON--(BUSINESS WIRE)-- 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. The Employer Participation in Repayment Act is bipartisan legislation to expand the employer-provided educational assistance program to include employer-provided student loan repayment assistance. The bill would allow employers to offer their employees student loan repayment assistance up to $5,250 per year and would exclude that contribution from the employee’s gross taxable income. Currently, when employers offer student loan repayment assistan
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