"Allow employers to contribute up to $5,250 per year to an employee’s student loan repayments tax-free -- and allow employees to receive these contributions without having to pay income tax on this benefit.
"Reclaim federal management over student loan initiation, lower interest rates, and allow for refinancing if interest rates drop.
"Steve will direct the Federal Student Aid (FSA) office of the Department of Education to reclaim federal management over student loan initiation.
"Direct the FSA office to offer improved repayment programs.
"Provide tax credits to employers who help their employees pay off educational debt and eliminate the treatment of student loan payments by employers as income. This would require Congressional approval.
"Treat workforce investments in employees as an asset rather than an expense to incentivize companies to develop their employee’s skills. This would require Congressional approval.
"Expand and improve public service student loan repayment programs so young people can afford to go to college and give back to their country."
Source: 2019 https://stevebullock.com/wp-content/uploads/2019/10/The-Great-Equalizers_-Public…