Tag: student loan
Some 3.6 million parents are paying off more than $100 billion in debt used to fund their children’s college education. For many parents, the federal Parent Loan for Undergraduate Students (PLUS) was the only way they could afford college, but many are now struggling to make the monthly payments. In a Harris poll in July,…
More employers may move to adopt a student debt repayment benefit as part of their 401(k) plan. On August 17, the Internal Revenue Service released a private letter ruling that could make it easier for employers to use their 401(k) plans to assist their employees who are repaying student loan debt. Over the last decad…
