Workforce Development Through Post-Graduation Scholarships Act of 2023

This bill makes certain post-graduation scholarship grants tax-free for recipients. It applies to grants paid by eligible nonprofits (like community trusts) to help repay qualified student loans, but only if the recipient lives and works in a community with below-average bachelor's degree attainment. The grants must be paid directly to the loan holder, and the tax exclusion prevents double benefits (e.g., tax-free grants plus interest deductions). It affects graduates in designated communities who receive these specific grants, not general scholarship programs. The bill amends tax code provisions to clarify this treatment and requires reports on implementation.