From the NYT:
Medical, Dental, 401(k)? Now Add School Loan Aid to Job Benefits
http://mobile.nytimes.com/2016/03/26/your-money/medical-dental-401-k-now-add-school-loan-aid-to-job-benefits.html?_r=0&referer=
Every month, Amanda Danner and her husband make what feels like a mortgage payment. But they don’t yet own a home.Instead, they collectively pay nearly $2,000 simply to service their student debts. Their next-largest monthly expense is the rent on their apartment in Union City, N.J.“It’s a rough reality,” said Ms. Danner, a 26-year-old analyst for Fidelity, who graduated from Montclair State University with $85,000 in loans, more than double the national average. “We definitely want to buy a house in the near future, and we certainly want to have kids in the next couple of years,” she added. “But when you look at the initial monthly payments, it is staggering. It is hard to plan for the future.”
So she said she was thrilled to learn of a new perk that her employer made public last week: Fidelity will apply up to $2,000 annually to the principal of its employees’ student debts.
Great idea for an employment perk? Or adding fuel to the fire for out of control college pricing + borrowing?
Are non-borrowers misguidedly missing out on the gravy train?
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