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Employers to the Rescue - How to Leverage the CARES Act For a Tax-Free Student Loan Benefit Program

Gift of College

Apr. 28, 2020
Recorded Online

What: During these tough economic times, employers have the unique opportunity to be heroes in their teams challenge to manage student loan debt. The recent stimulus act (CARES) expands the rules of employer sponsored Educational Assistance Programs (IRC Section 127) to help employees ease student loan debt by creating a tax break for employer paid student loan benefits. Now is the time for employers to engage in this critical wellness benefit for employees who are recent graduates and those continuing their education while employed.

Gift of College At-Work – a leading employee benefits platform offering payroll deduction and employer match technology for student loan debt and college savings—wants to guide you on how you can offer this unique benefit. Join this informative webinar featuring college-savings and employee benefits experts to learn how to leverage your existing Educational Assistance Program or the steps needed to create and implement this type of tax advantaged plan, as well as how to utilize the Gift of College At-Work easy-to-implement payroll deduction and employer contribution platform.


  • Wayne Weber, CEO, Gift of College
  • Patricia Roberts, COO, Gift of College
  • Angela Tucci, Employee Benefits Attorney and Consultant

Why: Providing support with student loan debt can help alleviate one of your employees' most significant concerns. The current $1.6 trillion in U.S. student loan debt has created a multigenerational economic burden—and that's just not ok.

Historically, many employers have not offered student loan benefits because the tax treatment created a burden for both companies and employees. This section of CARES removes barriers for companies to enhance their employee financial wellness, recruitment, and retention offerings with non-taxable student loan contributions which empowers employees to pay down their debt balances faster.

More Information, How to Register

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