1. United States
2. Va.
3. Letter

I hope this letter finds you well. I am writing to express my support for the continuation and expansion of employer assistance programs under the Employer Participation in Repayment Act and to encourage you to prioritize this issue in Congress. As you are aware, the Employer Participation in Repayment Act allows employers to contribute up to $5,250 annually towards an employee’s student loan repayment, without it being considered taxable income. This policy has provided invaluable relief to many individuals burdened by student loans, myself included. With student debt continuing to be a significant challenge for millions of Americans, this assistance is critical in enabling workers to more easily manage their financial obligations while focusing on their professional and personal growth. In an economy where the cost of education remains high, extending this benefit helps employees and employers alike, fostering a more educated and financially stable workforce. I respectfully urge you to support the continuation and expansion of this act beyond its current provisions. Ensuring that employers can provide this kind of assistance will not only alleviate the financial stress of student loan borrowers but will also boost employee retention and productivity, benefitting the overall economy. Thank you for your time and attention to this important matter. I hope that you will consider advocating for policies that promote financial well-being for students and working professionals alike. Please do not hesitate to contact me if I can provide further input on this issue.