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Employee Benefits › Employer Contributions › Educational Assistance Programs

Haynes Boone

IRS Reminder: Educational Assistance Programs Can Help Pay Employee’s Student Loans

Haynes Boone on

The IRS recently issued a news release with a reminder that employers may contribute up to $5,250 annually per employee toward qualified student loan repayments if provided under a Section 127 educational assistance program....more

Fisher Phillips

Federal Student Loan Payments Resume After 3-Year Pause: Here’s How Employers Can Help Their Workforce

Fisher Phillips on

October is here. That means football is in full swing, pumpkin spice lattes are plentiful, and federal student loan payments will resume after being on pause since 2020. Employees with student loan debt are feeling the pinch...more

Snell & Wilmer

CARES Act Enables Employers to Assist with Student Loan Repayments

Snell & Wilmer on

The Coronavirus Aid Relief and Economic Security Act (the “CARES Act”), signed into law on March 27, 2020, provides employers with a new mechanism to assist their employees with repayment of student loans. Section 2206 of the...more

Hinshaw & Culbertson - Employment Law...

CARES Act Program Expands Scope of Educational Assistance Plans to Include Employer Repayments of Student Loans

Hinshaw & Culbertson - Employment Law... on

A new rule under the CARES Act could be beneficial for employees with outstanding student loan debt, and even provide some cost savings for employers as well. The CARES Act expanded the scope of Educational Assistance...more

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