Want to grow the economy? Make student loan repayment assistance tax-free
Our CEO Scott Thompson was recently featured as a guest commentator in The Hill discussing new legislation in Congress that would create a tax cut for employers to offer a student loan repayment benefit. By helping the 90-million strong millennial generation free up more income for consumption, this tax break can spur economic growth. Among the tax reform currently being considered, this one could have the most bang for the buck because it most benefits the young adults who will carry the economy forward over the next 20 years.
Read the full article on The Hill: http://thehill.com/blogs/pundits-blog/economy-budget/330991-want-to-grow-the-economy-make-student-loan-repayment