Hausmann Group April 2, 2020 1 min read

CARES Act Impact to Employees with Student Loans

Our membership in BAN (Benefit Advisors Network) provides an opportunity to network with great companies across the country. Another BAN member, Tuition.io prepared a summary explanation of two under-reported benefits included in the CARES Act.

They are:

  • Section 2206, which allows employers to make a non-taxable contribution of up to $5,250, and
  • Section 3515, which defers student loan payments, principal and interest through September 30, 2020

Click here to download more information regarding these benefits.
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