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Tax Relief for Student Loan Repayment and Employer Educational Assistance

This bill aims to ease financial burdens related to education. It introduces changes that can help citizens with student loan repayments and employer-provided educational assistance, potentially leading to greater savings and access to education.
Key points
Employers can pay off employee student loans without these amounts being added to taxable income.
The maximum tax-free amount for employer-provided educational assistance will increase from $5,250 to $10,000 annually.
The maximum deduction for student loan interest will increase from $2,500 to $5,000 annually.
Income limits for claiming the student loan interest deduction will be raised, allowing more people to qualify.
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Status:
Expired
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Additional Information
DEBT Act of 2021
Print number: HR 902
Sponsor: Rep. Stivers, Steve [R-OH-15]
Process start date: 2021-02-05
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Tax Relief for Student Loan Repayment and Employer Educational Assistance

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 902.

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 2021-02-05.

What are the main provisions?

Key points include:

  • Employers can pay off employee student loans without these amounts being added to taxable income.
  • The maximum tax-free amount for employer-provided educational assistance will increase from $5,250 to $10,000 annually.
  • The maximum deduction for student loan interest will increase from $2,500 to $5,000 annually.
  • Income limits for claiming the student loan interest deduction will be raised, allowing more people to qualify.

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. Stivers, Steve [R-OH-15].

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.

Analysis and Potential Impact of HR 902

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Taxes Education Labor