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Just how businesses was helping team dump education loan personal debt

Just how businesses was helping team dump education loan personal debt

U.S. education loan debt hit an archive $step 1.6 trillion during the 2020, South Carolina payday loans according to a post in the Forbes off March. That it is the reason 45 mil individuals, making student loan loans next highest personal debt from the You.S. – topped only by the financial debt.

Regardless of if millennials was apparently the largest carriers (75%) regarding education loan obligations, there appears to be a promising quantity of middle-agers which have college loans also. A few of these baby boomers took away college loans for their people or grandchildren and tend to be being required to mark from their advancing years fund (or other economic provide) to repay the debt.

Education loan debt has been hiking for many years, and companies try delivering find. To draw and you will maintain skilled gurus, a little but broadening amount of companies have to give you education loan repayment preparations (SLRPs). (more…)

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