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CBS This Morning: Thune Discusses His Bill to Help Graduates Pay Back Their Student Loans

The Employer Participation in Repayment Act would allow employers to offer tax-free student loan assistance to help their employees pay off student loan debt

May 24, 2019


U.S. Sen. John Thune (R-S.D.) was featured on CBS This Morning today discussing the bipartisan Employer Participation in Repayment Act, which would allow employers to contribute up to $5,250 tax-free to their employees’ student loans — providing employees with much-needed relief and employers with a unique tool to attract and retain talented employees.

“So many students who go to our best colleges and universities work really hard to get a degree, and then they come out and trade in their cap and gown for a mountain of debt and uncertainty,” Thune said.

“[The Employer Participation in Repayment Act] is not going to solve every problem, but we think it’s realistic. We think it’s something that could pass.”