President Trump and the Republican controlled Congress are set to remake the complex student loan business, potentially eliminating benefits and protections many borrowers' rely upon.
| less than a minute read
Millions of student loans could be headed for a shakeup in coming months
Get in touch
Get in touch
Proposal: Several bills have been introduced in recent months to offer incentives to employers to help pay for their workers' student loans. Some companies, including insurance company Aetna, consulting firm PwC, and investment manager Fidelity, already offer student-loan payment subsidies as an employee benefit. But current proposals would offer tax benefits to both employers and employees to spur more companies to follow suit. Outlook: The idea has supporters from student advocates and Republicans. A bipartisan group of 31 lawmakers introduced a bill in March to allow employers to deduct their contributions to employees' student loan payments – similar to 401(k) contributions. Employees would receive a tax-exempt benefit of up to $5,250 per year to pay their student loan debt.
Get in touch
Get in touch
