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, 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.

About the Author

Sue Thomas

Posted in: Employee Benefits, COVID-19

Posted by Sue Thomas

Director, Contracts & Compliance. Sue has more than 30 years of intensive, hands-on experience working with a wide variety of employee benefit plans. As the Director of Contracts and Compliance, Sue is responsible for the management of all BSG® client contracts, including insured contracts, service contracts, and self-insured contracts as well as ensuring that these materials comply with all applicable state and federal benefit regulations. A graduate of the University of Wisconsin-Milwaukee, Sue has completed the RHU program, six CEBS courses and holds a Life and Health agent license.