King Cosponsors Bipartisan Legislation to Help Ease the Burden of Student Loans
September 24, 2024
September 24, 2024
WASHINGTON, Sept. 24 -- Sen. Angus S. King Jr., I-Maine, issued the following news release:
Senator Angus King (I-ME) is cosponsoring bipartisan legislation to help college graduates reduce the burden of student loans through a tax-free employer contribution. The Employer Participation in Repayment Act would permanently extend a provision of the Internal Revenue Code allowing employees to exempt up to $5,250 from tax annually in student loan repayments that employers contribute on t . . .
Senator Angus King (I-ME) is cosponsoring bipartisan legislation to help college graduates reduce the burden of student loans through a tax-free employer contribution. The Employer Participation in Repayment Act would permanently extend a provision of the Internal Revenue Code allowing employees to exempt up to $5,250 from tax annually in student loan repayments that employers contribute on t . . .