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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Jul 24, 2018.
Workforce Development Through Post-Graduation Scholarships Act of 2018
This bill amends the Internal Revenue Code to exclude post-graduation scholarship grants from gross income in the same manner as scholarships are currently excluded.
A "post-graduation scholarship grant" is a grant provided by a program that: (1) is established by certain tax-exempt organizations; (2) is designed to encourage individuals to serve in occupations of unmet needs or in areas of unmet needs; and (3) under which, in accordance with the conditions of a grant, the organization repays any portion of an education loan incurred by an individual to pay higher education expenses.