arrow_back Back to App

Tax Exemption for Post-Graduation Scholarships: Student Loan Repayment Support

This bill aims to exclude post-graduation scholarships used for student loan repayment from taxable income. This means individuals receiving such support will not pay taxes on it, potentially easing their financial burden and encouraging work in specific communities.
Key points
Post-graduation scholarships used for student loan repayment will not be counted as taxable income.
Scholarship programs must be run by non-profit organizations and require recipients to live and work in communities with lower bachelor's degree attainment rates.
The bill prevents double tax benefits for student loan interest if the loan was repaid with a tax-exempt scholarship.
It mandates reporting requirements and regulations for these scholarships, and calls for reports on their effectiveness.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_4095
Sponsor: Rep. LaHood, Darin [R-IL-18]
Process start date: 2021-06-23
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Workforce Development Through Post-Graduation Scholarships Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4095.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-06-23.

What are the main provisions?

Key points include:

  • Post-graduation scholarships used for student loan repayment will not be counted as taxable income.
  • Scholarship programs must be run by non-profit organizations and require recipients to live and work in communities with lower bachelor's degree attainment rates.
  • The bill prevents double tax benefits for student loan interest if the loan was repaid with a tax-exempt scholarship.
  • It mandates reporting requirements and regulations for these scholarships, and calls for reports on their effectiveness.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. LaHood, Darin [R-IL-18].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Education Economy