Savvy HR managers should know about the proposed legislation in Congress that will impact what is proving to be one of the hottest new employee benefits, Student Loan Repayment Assistance.
Last month, Representatives in the House introduced H.R. 795, the Employer Participation in Student Loan Assistance Act to help address the rising student debt crisis.
A version of the new bill is about to be introduced in the Senate by Senators Mark Warner (D-VA) and John Thune (R-SD), which is likely to put this legislation on the fast track.
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