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As a student loan company, CommonBond’s efforts to help employees pay down their student loan debt feel natural. In 2015, the company began offering up to $100 per month in student loan ...
Medix: Offers monthly contributions to student loan repayment. New York Life: Gives employees up to $170 per month for up to five years for student debt. Eligible workers can reduce their debt by ...
Story at a glance Student loan debt is the second-highest consumer debt category after mortgages, with the U.S. holding $1.7 trillion in outstanding loan debt. At least 30 companies offer a ...
In 2018, the group joined the American Federation of Teachers to launch an investigation into the failure of the Public Service Loan Forgiveness program. [15] Over the course of three years, Student Borrower Protection Center supported litigation by teachers and uncovered evidence of government mismanagement and industry abuses across the student loan system, including evidence that Public ...
Student loan debt rose from $480.1 billion (3.5% GDP) in Q1 2006 to $1,683 billion (7.8% GDP) in Q1 2020. Student loans play a significant role in U.S. higher education. [51] Nearly 20 million Americans attend college each year, of whom close to 12 million – or 60% – borrow annually to help cover costs. [52]
Around 44% of federal student loan borrowers who begin repayment in October have a new loan service provider, according to the Consumer Financial Protection Bureau, after three loan service ...
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