Getting Your Employer to Pay Off Your Student Loans
For some young employees, the most important benefit an employer can offer is not health care or 401K matching, but student loan repayment assistance. Companies are pursuing the option to lure millennial employees.
Stephen Dash is the Founder and CEO of Credible.com, a company that helps consumers and companies manage loan repayments and refinancing. Credible.com helps companies facilitate these new benefits packages.
Dash explains that benefits like these help young workers in the short run. According to an American Student Assistance poll of workers age 22 throgh 33:
86% of millennials would commit to an employer for 5 years if the company helped pay back their student loans.
93% of young workers would take advantage of a sign-on bonus targeted at paying back student loans.
92% would take advantage of a match for student loan repayments similar to a 401(k) match.
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
Climate change doesn’t just mean more extreme weather – it also leads to billions of dollars in lost productivity, tourism, and stresses infrastructure.
It’s an annual tradition: the Fed’s banking ‘stress test.’ A year after the regional banking crisis, there are good reasons to make sure they’re prepped.
Summer is upon us, which means weddings, trips overseas, and trips to see Taylor Swift. Avoid a “Cruel Summer” with these budget-friendly tips and tricks.
While Nvidia's meteoric rise led it to briefly dethrone Microsoft as the world's biggest public company, there's a lot more going on in this market than A.I.
