Tax Incentives to Employers
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At American Student Assistance® (ASA), we offer student loan reimbursement to our employees because we believe it’s the right thing to do.
We encourage other employers to do the same.
ASA® suggests a state-level tax credit be made available to employers who adopt student loan reimbursement as part of their benefits programs.
Student loan debt reduction programs provide employers, employees, and your entire constituency with a foundation for economic stability. By offering a tax credit to employers who provide a student loan reimbursement to employees, you can help:
- Reduce your constituents’ debt burdens.
- Retain local college graduates and grow your tax base.
- Stabilize local businesses and help strengthen the economy.
- Attract a well-educated workforce to your region.
The Massachusetts Board of Higher Education’s Final Report from the Task Force on Student Financial Aid recommends instituting this tax incentive in the Commonwealth.
