LoanGifting Announces Support for H.R. 795 and H.R. 108
“Now is an ideal time for Congress to step in and offer help to the tens of millions in need of student debt relief. “-Ravi Sawhney
LoanGifting is asking their social-media-savvy users to help take employment student loan assistance to the next level. Members and their extended network of donors, family and friends are invited to fill out a short form at https://www.loangifting.com/advocate to voice their support for H.R. 795, the Employer Participation in Student Loan Assistance Act, and H.R. 108, the Student Loan Repayment Assistance Act of 2017. The form includes a pre-written letter urging House and Senate representatives to step up and join the cause.
H.R. 795 (along with its Senate equivalent, S. 796) represents a bipartisan effort of over 100 Democrats and Republicans to expand tax laws and enable employers to make tax-free donations toward employee student loans. The move would take a significant bite out of the $1.4 trillion in student debt that currently threatens our nation’s economy and prevents many students and recent grads from attaining financial independence. The bill would benefit business owners as well: Studies show employer loan assistance can boost retention rates and reduce employee anxiety.
Similarly, H.R. 108 would provide tax credits for businesses that contribute to employees’ educational loans. LoanGifting suggests members make special mention of H.R. 108 when e-mailing members of Congress, particularly as the bill could use the extra push (it only has two cosponsors to date, compared to H.R. 795’s 104). If you’re already a LoanGifting user, consider visiting https://www.loangifting.com/advocate today and becoming an activist for student debt. Not a LoanGifting member but interested in crowdfunding your educational loans via an effortlessly streamlined and ridiculously efficient platform? Check out https://www.loangifting.com/ for more info.