Are you interested in setting up an Employer Educational Assistance program for pastors in your church?
This is a perfect time because the U.S. government has expanded this tax-free benefit of educational assistance for employees to include the repayment of student loans. Up to $5,250 per year may be given to pastors to pay their educational loans, as a tax-free employee benefit. Here is a sample template that your church board could use to establish an Employer Educational Assistance program.
Employer Educational Assistance Program Template
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