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Taxes Student Loan Forgiveness and Company Student Loan Assistance Benefit

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Taxes Student Loan Forgiveness and Company Student Loan Assistance Benefit
IRS Program #:
CTEC #: 6257-CE-0204
CE: 1 IRS & 1 CTEC credit
Speaker: Fred Amrein

Due to COVID and the National Forbearance, new legislation was added to help borrowers better manage their student loans. From a tax preparer's standpoint, these changes were not a priority since payments were optional. Tax preparers must increase their knowledge of repayment and forgiveness as we approach the repayment restart and the IRS data integration.

These changes affect both the individual and the business sector. At a time when student loan servicers should be increasing their service hours, borrowers will see a reduction in service hours. The current student loan service level is built to handle approximately 325K monthly calls. Starting October 1, 2023, over 25 million borrowers will begin making payments again. This event is another reason; tax preparers and financial advisors have a great opportunityin the coming months.

New laws include tax-free reimbursement for student loan payments, payment credit months toward loan forgiveness, tax exposure for loan forgiveness, and employment verification for Public Service Loan Forgiveness (PSLF). This program will cover these topics so you are knowledgeable for individuals and company customers.

Learning Objectives:

  • Explanation of the various student loan forgiveness programs and tax exposure
  • Overview of business rules for tax-free student loan reimbursement under Section 127
  • Implementation decisions companies need to consider before implementing a student loan assistance benefit.
  • Secure Act impact on proper college funding decisions


  • Fred Amrein


    Fred is the founder/CEO of He is a nationally recognized expert in the entire college funding and student loan repayment process. Fred’s unique approach helps students and parents envision the financial outcome of a college education. He brings together the financial aid process, college saving plans, educational tax strategies, student financing and the loan repayment options.

    Under Fred’s direction, PayForED has developed the first comprehensive college funding and student loan repayment platform that provides software, training, and consulting. The company mission is to prevent and solve the student debt crisis. He has the most CFP approved courses related to student loan repayment, forgiveness, financial aid, and college affordability. PayForED has been recognized as a CFP Quality Partner since 2017.

    He has an MBA in Finance from Saint Joseph’s University and BS in Accounting and Marketing from Saint Joseph’s University. Prior to starting PayForED, Fred was a Finance Director for a Fortune 500 company supporting 5 International IT VPs. He is the author of a book and has been quoted in the WSJ, Money Magazine, US News and other national publications. Fred is also an instructor on the Surgent CPE platform.

September 28, 2023
Thu 1:00 PM EDT

Duration 1H 0M

This live web event has ended.