Less debt, one paycheck at a time

Imagine if your company could pay down your student loan debt each month, no strings attached. Only four percent of employers do this because there is a big roadblock. Until now.

Members of Congress on both sides of the aisle are trying to pass legislation that would make company payments to employees’ student debt tax-free. But we can’t do it without your help.


Tell Congress: Don’t Tax My Benefits.

You graduated. You got a job. You did everything right. Now, you can make it easier for your company to help you pay off that debt. The Employer Participation in Repayment Act will help your company pay off your student loans at no cost to you.

Sign the petition below to tell Congress: Don’t tax my benefits. CommonBond will hand-deliver your signature to your member of Congress this summer.

Together, we can help pay off the nation’s $1.5 trillion in student loan debt. Let’s be #DebtFreeTaxFree.

"I love my nursing profession, but struggle to pay for the education that got me here. I dream of being debt free some day and think this will be a huge help. I know I am not the only one...please pass this bill!"

Maria from Massachusetts

"We, as a nation, have acknowledged that adequate retirement savings are important for our people, and have supported this with the 401k investment vehicle and its many iterations. Tax free student debt employer payments supports this same notion. The faster our people can pay off student debt, the better suited they are to save for retirement, purchase a home, and start their lives."

Dave from Maryland

"Working in HR I see this as a double incentive, not only could employers turn this into a retention tool but paying down student debt faster allows the public to put that money back into the community instead of interest payments. Overall a win win."

Sarah from Minnesota

Get More, tax free

The missing benefit

Want more information? Check out our FAQ about the bill.

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