How to pay off your student loans sooner with help from your employer
Americans owe more than $ 1.7 trillion in student loans, and employers are using this debt as a way to hire new talent.
Many companies are starting to offer student debt relief along with benefits such as vacations, retirement accounts and health insurance, according to Asha Srikantiah, Head of Student Debt Program at Fidelity Investments.
The benefits can range from free advice to direct payments designed to go beyond your monthly minimums. With the coronavirus stopping travel, some companies now allow workers to use the compensation for time off provided by the company to go directly to their student loans.
Watch this video for a full description of how repayment assistance works and how you might get your current employer to start participating in your loans.
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Disclosure: NBCUniversal and Comcast Ventures are investors in Tassels.