"This talent war has really brought on the need to think outside of the box and what type of benefits could be offered that would benefit them financially," said Jill Buban, vice president of Bright Horizons EdAssist Solutions.Leahannah Taylor
While programs like Abbott's, where 401 plan contributions are tied to employees' student loan debt payments, are the most widely offered employer benefit for student debt assistance, according to the EBRI survey, it's not the only option available. In the next year or two, a greater share of employers plan to offer student loan debt payment counseling or pay loan repayment subsidies, similar to tuition reimbursement.
"When I talk to peers, I tell them what New York Life is doing," Gibson said."They're like, 'Oh, my goodness, I wish my company did that, or they'd offer something like that. That's amazing.'"Take an employee with a $26,500 student loan balance. A $100 a month repayment benefit would help the borrower pay off that debt about three years earlier and save more than $10,000 in principal and interest over 10 years, according torate and 10-year term.
acorns Why would a child like get be in debt anyway? If you cannot afford to pay your university fees up front or your parents do not have a suitable fund or you aren't smart enough for a full scholarship then YOU CANT AFFORD IT.
acorns Bigger companies should have to give their employees stock options
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
7 Ways To Get A Lower Student Loan PaymentAfter nearly two years of no federal student loan payments, some student loan borrowers may be wondering if it’s possible to get a lower monthly student loan payment
Source: Forbes - 🏆 394. / 53 Read more »
Women-Led Spekit Raises $45 Million To Help Remote Teams Train EmployeesThough Spekit was founded back in 2018, it didn’t truly take off until the pandemic and Great Resignation forced companies to take a more serious look at how they onboard and train employees. I’m the rap game rocky?
Source: Forbes - 🏆 394. / 53 Read more »
For-Profit Colleges That Lend to Their Own Students Face ScrutinyThe review by the Consumer Financial Protection Bureau is part of a Biden administration crackdown on aggressive debt collection on private student loans. This story is my GoFundMe, things have been going wrong for sometime now, I am fighting but now I need reinforcements. If you can help, pls buy this story, it ranges from 10-250bucks however you can help. The story is my Achilles heel, had to be anonymous. Pinned tweet pls. Stefman95 nice
Source: WSJ - 🏆 98. / 63 Read more »
New York AG says Trump’s company misled banks, tax officialsThe New York attorney general’s office told a court its investigators had uncovered evidence that former President Donald Trump’s company used “fraudulent or misleading” asset valuations to get loans and tax benefits. *Slow news day... BRING OUT THE TRUMP HIT PIECE!!
Source: chicagotribune - 🏆 8. / 91 Read more »
Most video game companies not addressing toxicity, survey findsEmployees say most video game companies are not addressing misconduct and toxicity directly with their employees, according to a new survey.
Source: axios - 🏆 302. / 63 Read more »
Carhartt facing calls for boycott after keeping vax mandate despite Supreme Court rulingConservatives on social media are blasting apparel manufacturer Carhartt and calling for a boycott of the company after it announced it would continue to mandate the coronavirus vaccine for employees. Yeah, that will be as effective as the boycott called for on Starbucks for ending their vax mandate. Don’t these cancel each other out? 🤷♂️ Hilarious that the capitalist free market libertarians who own thousands of dollars worth of Carhartt products are complaining that the system is working as it should, that a private business has the freedom to determine how best to protect its work force & minimize risk.
Source: FoxBusiness - 🏆 458. / 53 Read more »