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Support Employer-Provided
Education Assistance (Section 127)
SHRM supports permanently expanding the tax exclusion for employer-provided education assistance to include student loan repayment. Approximately 48 million Americans are grappling with student loan debt, accounting for nearly $1.75 trillion. Rising student loan debt continues to increase and weigh heavily in the post-pandemic economy. SHRM has long championed policies that allow employers to offer education assistance programs relevant to the modern workforce. Greater certainty regarding the tax treatment of education assistance is an important step in expanding the availability of such benefits.
Employer-provided education assistance (also known as Section 127 of the Internal Revenue Code) is a tax-free benefit provided to employees for eligible education-related expenses like tuition or student loan assistance. Today’s competitive workforce commands comprehensive employer-sponsored benefits packages to attract, retain top talent, and develop talent pipelines.
Send a Letter to the Editor to urge Congress to increase the monetary limits and the scope of education assistance and enact long-term solutions to modernize Section 127 to promote employer-provided education assistance and provide workers with more training and upskilling opportunities.
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