Chapter 7, Chapter 13, Detroit, Michigan, Foreclosure, Garnishment. Law, Lawyers, General Law, Questions About Law. Wills, Trusts, Grosse Pointe, St Clair Shores, Eastpointe, Roseville. DWI, OUIL Drunk Driving
New Payment Options
Now accepting credit cards on non-bankruptcy matters.
Tuesday, March 22, 2016
Student Loan Help from Your Employer
There was a time
when employer perks were plenty, paid time off, full healthcare for
you and your family, no charge. Heck some even had company cars. What
if a perk was your employer paying off your student loan debt? There
are some areas where employers do pay down, or off some debt, in
public sector types of jobs, or teachers, legal aid attorneys.
As with many other
perks a company gives out, they are usually tax deductible, such as
401k contributions. Currently though, if a company pays off your
student loan debt, it is income to the employee, so you have to pay
tax on it! So as a practical matter very few companies do this right
now, but there are some out there. They range from big international
companies to small start ups. Here are a few that you can look into
if your in the market for one of these new perks. Pricewaterhouse
Coopers, LendEDU, or Fidelity Investments. It should be known that
theses are not super generous programs, and some only offer a few
thousand, but every penny counts in this world when it comes to
paying off that student loan debt.
Adding this question
to your arsenal when interviewing will give you that advantage of
knowing which companies offer these types of perks and if you have
multiple offers of similar amounts and one company offers student
loan repayment assistance that bit of information could make your
decision that much easier.