Employers Can Now Offer a 401(k) Match on Student Loan Payments

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Employers recently adopting the benefit includeChipotleand engineering consultancyKimley-Horn.

It may take time for employers to implement.

The legislation highlights the financial challenges often faced by college-educated workers at the outset of their careers.

Still, college graduates continue to out-earn their peers.

It effectively halves the minimum monthly required payment on federal loans once you’ve enrolled.

Also consider reaching out to your student loan servicer for other options.

Consider making debt reduction a priority for 2024.