#1 Benefit Employees Want in 2019: Help Paying Off Student Loans
Updated: Apr 9, 2019
he Federal Reports that over 44 million people owe $1.5 trillion in student loans. Another $1.27 trillion in new federal student loans will be added by 2028. Seven out of 10 new college graduates owe $37,000 or more. But there is another starting statistic: $6.8 million student loan borrowers are between the 40 and 49 and owe on the average $33,675 each. They have taken out loans to pursue graduate degrees, get additional training or to assist their kids with college expenses. One way employers are trying to assist their employees with their college debt is to allow their 401k employee match to be used to for debt payment; Please call or email us to see if we can assist with modifying your employer's 401k plan to help pay off your student loans.