Employer Participation in Repayment Act

This bill makes permanent a tax exclusion allowing employers to pay employees' student loans tax-free under educational assistance programs. It directly affects employees who receive such employer assistance and employers offering these programs. The key provision removes the previous expiration date (January 1, 2026), ensuring the tax exclusion remains in effect indefinitely. The change applies to all payments made after the bill's enactment, eliminating future uncertainty for both employers and employees.