Workforce Development Through Post-Graduation Scholarships Act of 2026

This bill changes tax rules for specific education loan repayments. It allows graduates to exclude from taxable income amounts received through "post-graduation scholarship grants" that repay part of their student loans. These grants must be provided by qualified nonprofits (like private foundations or community trusts) to individuals who agree to live and work in communities with below-average bachelor's degree attainment rates. The grants require direct payments to loan holders, exclude employees of the granting organization, and include reporting requirements for the Treasury Department on program effectiveness within three years.