Student loan debt is a huge financial burden for many millennials entering the workforce. Because of it, young professionals are jumping from one job to another searching for bigger and better pay to help drive down their monthly bill.
In an effort to retain young talent, employers such as PricewaterhouseCoopers are offering to assist with paying down their employees student loan debts, provided they remain with the company for a set period of time.
PwC and other employers could see an additional tax benefit to offering these types of benefits if the Employer Participation in Repayment Act makes it through Congress. This bipartisan bill introduced by Senators John Thune (R-SD) and Mark Warner (D-Va.) would give co…
Read the full article at: https://www.employeebenefitadviser.com/news/new-legislation-could-be-a-boon-to-debt-assistance-benefits
