I understand from what I read that this is an incentive to the employer in the form of a tax write-off. What is not clear, and what is suspect, is that this will be treated as taxable income for the employee who elects this form of assistance in loan repayment. I’m not sure that is entirely equitable but I am open to talking about it.
Generally these kinds of employer offers to employees also come with a set of ‘golden handcuffs’, in the form of a time period before the employee can seek employment elsewhere. Doesn’t that run against the idea of ‘employee at will’? Isn’t that a form of indentured servitude? This needs to be thought through in terms of benefits and consequences, rather than being pushed because it feels good. Right now it ‘feels’ like a tax cut for the businesses.