Is student loan assistance the next 401k?


Americans have amassed $1.5 trillion in student loan debt, and for a growing number of companies, offering employees student loan assistance is a way to differentiate in a tight labor market.

Axios reports about 4 percent of companies now offer student loan assistance to staffers. The Student Loan Repayment Acceleration Act, introduced by Colorado Sen. Cory Gardner (R), would allow companies to make yearly tax-free contributions of up to $10,000 to each employee’s student loan debt, similar to…

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