1. Short title This Act may be cited as the Student Loan Repayment Assistance Act of 2017 . 2. Student loan repayment program credit (a) In general Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 45S. Student loan repayment program credit (a) In general For purposes of section 38, the employer-provided student loan repayment credit determined under this section for the taxable year is an amount equal to 10 percent of all qualified student loan repayments of the taxpayer for such taxable year. (b) Qualified student loan repayment For purposes of this section, the term qualified student loan repayment means, with respect to any employee of an employer, so much of the amounts paid under a student loan repayment program by the employer on behalf of such employee as does not exceed $500 per month. (c) Student loan repayment program For purposes of this section— (1) In general A student loan repayment program is a separate written plan of an employer for the exclusive benefit of his employees to provide such employees with student loan payment assistance which meets the requirements of paragraphs (2) through (5). (2) Direct payment for employee education loans A plan meets the requirements of this paragraph if payments under the plan are made on behalf of the employee directly to the lender or loan servicer of a qualified education loan (as defined in section 221(d)) which was incurred by the employee and is attributable to education furnished to such employee. (3) Participation and non-discrimination A plan meets the requirements of this paragraph if the employer makes the program (and assistance provided thereunder) widely available to employees (determined under such regulations as the Secretary shall prescribe to prevent plans from discriminating in favor of employees who are highly compensated employees (within the meaning of section 414(q))). (4) Reports A plan meets the requirements of this paragraph if, for any