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U.S. Sens. Susan Collins, R-Maine, and Angus King, I-Maine, have signed on as cosponsors of bipartisan legislation that supports employers assisting employees in paying off their student loan debt. Reps. Chellie Pingree and Jared Golden are cosponsors of the bill in the U.S. House of Representatives. The Employer Participation in Repayment Act would allow employers to contribute up to $5,250 tax-free to their employees' student loans — which the bill's sponsors say offers much-need relief to employees while also giving employers a unique tool to attract and retain talented employees. Under the existing federal program, employers can provide up to $5,250 per year in tax-free education assistance only to employees who currently enrolled in undergraduate or graduate courses.
Would your company offer to pay employees’ college loans up to $5,250 tax-free annually if Congress passes this bill?

02/20/19 AT 05:04 PM
So now we get to pay for their college bills, as well as our own kids' tuition? What a deal! We get to contribute up to $5,250 tax-free... it's not tax free to us, it's tax free to them! This is another way of making employers take on everyone else's burdens. We are supposed to pay for the health care, but we have no say in how employees take care of themselves. We are forced to pay wage rates that might have no bearing on their experience or skills. We are told we now have to pay for the days that they are sick, regardless of the fact that we provide ample benefit days or paid time off. What's next? Their mortgage? Because everyone has a right to own a home, right? Folks, sooner or later, you run out of other people's money. It's not the business owners responsibility to pay their employees bills and expenses. Why doesn't Congress look at why college education is SO FREAKING EXPENSIVE! How about highly paid professors who only teach one class? How about spending time and resources on useless majors. Why don't you ask colleges to kick back the difference in tuition versus the salary graduates make in their first four years out? The reason why we won't offer this is because we CAN'T! This money has to come from somewhere and it will be from current wages and salaries. This, mandatory pay levels, and the exorbitant health care cost increases are why salaries and wages are stagnant despite a strong economy. Wake up people.

02/20/19 AT 12:26 PM
We are too small and cannot afford another $5,250!

02/20/19 AT 01:08 PM
Aren't we putting the cart before the horse? How about getting financial institutions to stop charging outrageous interest rates on student loans.

02/20/19 AT 12:27 PM
That would be the equivalent of a $100 per-week raise. Wouldn't employees without student loans expect the same raise?

02/20/19 AT 01:19 PM
We are too small, but I think it is a great idea! It should be extended to employees who have already graduated but are still paying college debt.

02/20/19 AT 12:10 PM
Why not all student loans.