Lets recent graduates get tax-free help paying student loans if they work in underserved areas
Recent graduates would get tax-free scholarships to help pay off student loans, but only if they agree to live and work in communities where fewer people have college degrees. Private foundations offering these scholarships wouldn't face tax penalties for the grants.
Currently, help paying student loans after graduation is taxable income, and only traditional scholarships for current students are tax-free. After this bill, graduates could receive tax-free grants to pay student loans if they work in underserved communities, and foundations could offer these programs without tax penalties.
HR 7594 · 119th Congress · February 17, 2026 · AI Summary by claude-sonnet-4-20250514 · 8/10
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3 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.