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For instance, employers who offer student loan repayment assistance can do so tax-free up to the $5,250 limit. Plus, offering these benefits may help recruit, engage and retain employees.
As borrowers prepare to resume paying their federal student loans in the coming weeks, the IRS is reminding employers that they can help by offering workers up to $5,250 tax free as part of their ...
Financial services company Ally Financial launched initiatives to help its employees pay for their education, including offering up to $100 per month for student loan repayment. The benefit has a ...
Navient Corporation is an American student loan servicer based in Wilmington, Delaware.Managing nearly $300 billion in student loans for more than 12 million debtors, the company was formed in 2014 by the split of Sallie Mae into two distinct entities: Sallie Mae Bank and Navient.
The Health Care and Education Reconciliation Act of 2010 (HCERA) ended private-sector lending under the Federal Family Education Loan Program (FFELP) starting July 1, 2010; all subsidized and unsubsidized Stafford loans, PLUS loans, and Consolidation loans are under the Federal Direct Loan Program.
In March 2010, the company was the target of data theft. The personal information on 3.3 million student-loan borrowers was taken. [15] In March 2018, ECMC Foundation launched its Education Innovation Ventures portfolio. [16] In February 2018, ECMC Group moved its headquarters to Minneapolis, MN. [17]
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