1. Short title This Act may be cited as the Student Loan Repayment Acceleration Act . 2. Exclusion for employer contributions to student loan repayment (a) In general Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 139G the following new section: 139H. Employer contributions to student loan repayment (a) In general Gross income of an employee shall not include any qualifying student loan payment. (b) Qualifying student loan payment For purposes of this section— (1) In general In the case of an individual, the term qualifying student loan payment means any payment or contribution made by the individual's employer in repayment of a qualified education loan (as defined in section 221(d)(1)) incurred to pay the higher education expenses of the individual, without regard to whether such payment is made as a match to payments made by the individual, independently of any payments by the individual, or is determined in any other manner. (2) Limitation Such term shall not include any such payments or contributions to the extent they exceed $10,000 during the taxable year. (c) Nondiscrimination rules (1) In general Rules similar to the rules of paragraphs (2), (3), and (4) of section 127(b) shall apply to any program or policy of an employer to provide qualifying student loan payments to employees of the employer. Subsection (a) shall not apply to any qualifying student loan payment made under a program or policy which does not satisfy such rules. (2) Eligibility For purposes of the rules described in paragraph (1), an employee of an employer shall not be treated as ineligible to receive qualifying student loan payments under a program or policy of the employer solely because such employee does not have debt incurred under a qualified education loan (as defined in section 221(d)(1)). (d) Self-Employed individuals, etc For purposes of this section— (1) Employee The term employee includes, for any year, an individual who is an employee within the meaning of