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Board approves IRC §127 educational assistance plan to help teachers with loan payments
Summary
Forest Hills Board unanimously approved an IRC Section 127 educational assistance plan that would allow the district to make up to $200 per month in tax‑free student‑loan payments for eligible teachers; district will apply on teachers' behalf and certify eligibility.
The Forest Hills Board of Education voted unanimously on March 18 to approve an educational assistance plan under Internal Revenue Code Section 127 designed to help retain and recruit teachers by providing tax‑free student‑loan support.
Denise (district HR/business office) explained the state created the grant opportunity to support teacher retention; under the plan the state would provide…
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