Illinois Congressman Rodney Davis wants to give employers a hand in helping to pay off student loan debt for the recent college graduates they hire. The Taylorville Republican introduced a bill in the House this week that will let those employers offer a tax-free benefit of just over 5-thousand dollars to attract new hires --- and also help current workers with continuing education. Davis says current student loan re-payment programs are unfair.
Current college graduates average about 30-thousand dollars in student loans. Davis outlined his proposed Employer Participation in Student Loan Assistance Act last week at three college campuses ---- ISU, and the University of Illinois’ Urbana and Springfield campuses.