 TITLE: How to Get Student Loan Relief During the COVID-19 Crisis CONTENT: How Employers Can Help With Student Loans\n-----------------------------------------\nEight percent of organizations in the U.S. offer some form of student loan repayment assistance, says the Society for Human Resource Management. If you work for one of those companies, you may already be receiving assistance with paying down your debt.\nIf you're not, now may be a good time to speak with your human resources department. Employers already receive a tax break for offering tuition assistance to their employees—they can contribute up to $5,250 annually on a tax-free basis.\nThe CARES Act extended that tax break to student loan repayment assistance through the end of 2025. In other words, your employer can help make up to $5,250 in payments toward your student loans per year, and it will be tax-free for both of you.\nJust keep in mind that the $5,250 limit is shared between tuition reimbursement and student loan repayment assistance, so if you're taking advantage of both, there are some limitations. END