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The latest job benefits can help employees pay off student debt
  • Which kind of treatment would most attract you to accept one job offer rather than another? (How about your Boomer.) 401(k) plan? (It’s common nowadays) As millennials account for an increasing proportion of the workforce, more and more companies are betting on the next change in helping attract and retain the best and smartest people The rule of the game is to help pay off student debt. This is not a bad bet. As of the end of March, the total education debt reached an astonishing $1.52 trillion. Data from the Pew Research Center shows that although this allowance is not only provided to millennials-hey, according to statistics, even 4% of seniors aged 45 and over are still in trouble-for any student loan borrower will graduate For those of you, this didn't cost the MarketWatch.com report that this year's debt exceeded $37,000. "Ten years ago, the total debt was about $600 billion." One of the companies promoting new earnings is Fidelity Investments, which has already processed 401(k) plans for millions of workers. Companies participating in the "Student Debt Employer Contribution Program" can make after-tax contributions to employees' outstanding student loans, and use modeling tools to estimate "who" and "how much" of their own parameters to estimate their potential fidelity. com) Vice President of Emerging Products Asha Srikantiah said: “This is a new related benefit that gives the company a competitive advantage in hiring top talent.” The company is about $100 per month, although in some cases it can be as high as 800 per month. USD. "It also enables employees to pay off their debts faster, allowing them to focus on other priorities, including buying a house, raising a family, and saving for retirement." Fidelity said in the "early adopters" list that it is offering benefits: the tech giant Hewlett Packard Enterprise (Hewlett Packard Enterprise); New York air brakes in the railroad industry; financial companies Millennium Trust and OCC (option clearing company); and the world's largest manufacturer of separable reciprocating gas compressors for global natural gas business, Ariel Corporation. In fact, Fidelity not only became a "facilitator" for others, but also helped pioneer this brave new world by providing its own staff. The 2016 Student Debt Plan. To date, more than 8,900 workers have benefited directly from its loan service provider, some of which are impressive: a total of 22.5 million dollars in principal and interest saved, and 34,625 years of loans paid to the company It also adopted a so-called “holistic approach” to solve the problem of student debt by publicly accessing the “pre-university planning resources” on its website, which can help avoid the trap of excessive debt and student debt. A tool that allows people to view all student loan and repayment options in one place. A recent agreement with student debt refinancing platform Credible.com now also integrates student debt refinancing into a "student debt instrument", enabling employees participating in the program to obtain actual qualifications from more than 10 refinancing lenders Pre-review interest rates without affecting their credit scores. "The idea is to help more Americans control debt so that they can better save and invest in futures." Credible founder and CEO Stephen Dash said.

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