S. 4778 aims to modify the Internal Revenue Code of 1986 to make a specific tax exclusion permanent. This exclusion covers certain employer payments towards student loans provided through educational assistance programs. The change removes the previous expiration date for...
Simple Explanation
S. 4778 is a rule that lets bosses help pay their workers' student loans without the workers having to pay extra money to the government forever. It just means that this special money help from bosses won't stop and will continue for a long time.