Peanut Butter, a Chicago startup that helps employers offer student loan repayment benefits to their employees, is aiming to impact the student debt crisis beyond the tech world.
This week the startup joined US Congressman Robert Dold (R-IL) in introducing the HELP for Students and Parents Act, which offers tax breaks to companies that help with employee student loan repayments, and parents who start college savings accounts. The aim is to find feasible solutions to the rapidly growing issue of student debt: this year seven out of ten college seniors will graduate with student loan debt, carrying an an average of $37,172 in loans.
The HELP for Students and Parents Act offers tax breaks to employers who help with student loan r…
Read the full article at: http://chicagoinno.streetwise.co/2016/05/04/employers-help-student-loan-debt-repayment-get-tax-breaks-in-new-legislation/