Student Loan Repayment Act of 2016

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Student Loan Repayment Act of 2016 Would Add Student Debtors as New WOTC Target Group

Thursday, December 15th, 2016
dennisross_florida-republican

Representative Dennis Ross (FL Republican)

An interesting opinion piece by Representative Dennis Ross (Republican from Florida) titled “Responsible solutions to repaying student loans,” recently popped up in Florida Politics. Ross was contributing as a guest writer.

Ross introduced the Student Loan Repayment Act to the US House of Representatives in September this year.  Student debtors carrying at least $10,000 in education loans, who have earned an Associate’s Degree or better, would be classified as qualified “Student Loan Repayers.”  This large group of Americans would thus become a new target group under the Work Opportunity Tax Credit (WOTC) program.

The bill also proposes tax benefits to employers who help employees repay their student loans via matching contributions to an employer-administered Student Loan Repayment Plan.  See the full text of the bill here.  As of today, the bill has no co-sponsors.