Cares Act Student Loan Repayment Benefit. Under this temporary provision, between march 27, 2020 and december 31, 2020, employer payments towards their employees’ qualified educational loans may be excluded from the. The cares act suspends payment of both principal and interest for federally held student loans through.
The dollar value of this benefit is the gross amount credited to the employee at the. Congress granted a five year extension through the end of 2025 and it’s widely expected to be made permanent. Essentially, the cares act expands the scope of sec.
