Bill Addresses Student Loan Debt

U.S. Rep. Rodney Davis (R-Illinois) has introduced legislation, the Employer Participation in Refinancing Act, to help individuals pay down their student loans. 

The legislation would provide a new tool to help employers recruit and retain employees by allowing them to help qualified employees repay student loans with pre-tax dollars.

“Seven in ten college seniors last year graduated with student loan debt — which now represents the second-highest form of consumer debt,” Davis said. “The Employer Participation in Refinancing Act encourages employers to be part of the solution by allowing them to offer an employee benefit that will help graduates pay down their student debt. With outstanding student loan debt totaling more than $1 trillion, we must find ways to engage the private sector and help graduates manage their debt.”

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For student loan relief contact www.studentloanhelpdirect.com