In December, Senator Rand Paul (R-KY) introduced the Higher Education Loan Payment and Enhanced Retirement (HELPER) Act, the newest piece of legislation targeting the student loan crisis. This bill comes after several similar bill proposals, including the Employer Participation in Repayment Act, which would enable employer-sponsored student loan repayment and tuition payment plans to be tax free up to $5,250.
But how is HELPER different? It maintains the same tax benefit for employer-based student loan repayment and tuition payment, and adds some additional features:
