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Tax Relief for Post-Graduation Student Loan Repayments in Specific Areas

This act aims to exclude post-graduation student loan repayment grants from taxable income. It applies to scholarship programs run by non-profit organizations that require recipients to live and work in areas with lower educational attainment rates. This can help citizens reduce their financial burden from education while supporting local community development.
Key points
Money received for student loan repayment after graduation will not be counted as taxable income.
These programs must be run by charitable organizations and require recipients to live and work in areas needing skilled workers.
The act encourages graduates to settle and work in less developed areas, supporting their economic growth.
You cannot claim a double benefit by also deducting student loan interest if the repayment was tax-exempt.
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Expired
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Additional Information
Print number: 117_S_2191
Sponsor: Sen. Peters, Gary C. [D-MI]
Process start date: 2021-06-23
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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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_S_2191.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-06-23.

What are the main provisions?

Key points include:

  • Money received for student loan repayment after graduation will not be counted as taxable income.
  • These programs must be run by charitable organizations and require recipients to live and work in areas needing skilled workers.
  • The act encourages graduates to settle and work in less developed areas, supporting their economic growth.
  • You cannot claim a double benefit by also deducting student loan interest if the repayment was tax-exempt.
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 Sen. Peters, Gary C. [D-MI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Education Labor