Post-Graduation Scholarship Tax Exemption
Official: Workforce Development Through Post-Graduation Scholarships Act of 2026
This bill makes certain post-graduation scholarships tax-exempt, encouraging graduates to work in areas with fewer college graduates. This change aims to support economic growth and help communities thrive.
1. This bill allows certain post-graduation scholarships to be tax-free. 2. It defines post-graduation scholarships as grants that help repay education loans. 3. These scholarships must be provided by specific nonprofit organizations. 4. Recipients must live and work in communities with low college graduation rates. 5. The bill prevents double benefits for those receiving these scholarships.
Graduates with student loans who work in communities with low college graduation rates.