S 1757
Workforce Development Through Post-Graduation Scholarships Act of 2023
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the Workforce Development Through Post-Graduation Scholarships Act of 2023, aims to encourage economic growth by excluding post-graduation scholarship grants from income tax. It defines a post-graduation scholarship grant as a program established by a tax-exempt organization that repays a portion of a student’s education loan, with recipients required to live and work in communities with lower bachelor’s degree attainment rates. The bill modifies existing tax code sections to treat these grants similarly to traditional scholarships, and includes reporting requirements to assess the program’s effectiveness.
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