That's the mountain of student loan debt being carried on the financial shoulders of 44 million Americans. And no surprise, the bulk of those would indeed love for the boss to kick in and help pay it back. More than 80 percent of workers with student loanssurveyed by IonTuitionsaid ...
Part of the problem is that money given to employees to help pay off student loans can be considered income and be taxed. So, there is little financial incentive from a tax perspective for the employee or employer. As such, employers have had to find more creative work arounds — such ...
Soon your employer might be allowed to help pay off your student loansDan Macklin
In addition, Section 3513 of the CARES Act lets certain federal student loan borrowers defer payments until September 30, 2020. Collection activities, such as wage garnishment, on delinquent student loans are also suspended until that time. The deferral/suspension applies only to loans...
Gibson, who is Black, has seen the impact of student debt on her peers. "It's often a barrier for many people to reach financial wellness," she said. Gibson believes, however, that having employers help pay down student debt is a strategy that could potentially bridge a stee...
Many student loan borrowers struggle tofigure out if their current employer is eligible for PSLF. Assessing future employment opportunities for eligibility can be even more daunting. Luckily, there are several resources designed to assist borrowers in finding employers that are recognized for PSLF purpos...
Through one-on-one mentoring, networking, and online career advice, ACP will help the more than one million veterans that are expected to transition from the armed forces to civilian life over the next five years. The companies that partner with ACP give preference to job candidates with milita...
Part of the problem is that money given to employees to help pay off student loans can be considered income and be taxed. So, there is little financial incentive from a tax perspective for the employee or employer. As such, employers have had to find more creative work arounds — such...