58 % of those
with outstanding student loan debt said they prefer their employer help them pay down their student debt rather than make additional contributions to their retirement savings.
The study calls for more data looking at
outstanding student loan debt by race and claims that focusing on undergraduate borrowing alone only reveals part of the picture of possible racial differences.
Most of this student debt involves federal student loans; in fact, the federal student loan program accounts for over 90 percent
of outstanding student loan debt.
According to research commissioned by Gradifi, 90 % of those surveyed with
outstanding student loan debt said a student loan repayment benefit would positively impact their decision to accept a job offer, to recommend an employer or to stay at their current employer.
A new proposal in Congress to tackle America's $ 986 billion in
outstanding student loan debt seeks to refinance high interest rate loans and save debtors millions in interest payments.
Regarding how the UK authorities plan to remedy this situation in the future, the SLC representative said this: «Government's repayment strategy will boost SLC's capability to trace noncompliant borrowers, pursue and
recover outstanding student loan debt, and it also includes the provision for the potential use of a number of sanctions.»
The research, based on a survey of more than 3,000 working professionals across the U.S., found that 45 % of the respondents with
outstanding student loan debt consider a student loan repayment the single most compelling employee benefit among six potential options, including additional retirement and health care contributions.
As of now, a grand total of 44 million college students borrow either private or federal student loans, and the combined total
of outstanding student loan debt exceeds $ 1.4 trillion.
Ninety percent with
outstanding student loan debt said a student loan repayment benefit would positively influence their decision to accept a job offer, to recommend an employer or to stay at their current employer.
These borrowers will be notified by mail that they may be eligible for student loan forgiveness.Though a program exists that will
discharge outstanding student loan debt for individuals with certain disabilities, it is not widely known about.
Student loan debt is now the second highest ranked consumer loan debt, next to mortgages, according to the New York Federal Reserve, with the amount of
outstanding student loan debt exceeding $ 1 trillion in March of 2012.
According to recent research commissioned by Gradifi, 90 % of those surveyed
with outstanding student loan debt said a student loan repayment benefit would positively impact their decision to accept a job offer, to recommend an employer or to stay at their current employer.
The Consumer Financial Protection Bureau (CFPB) estimates that
outstanding student loan debt is approaching $ 1.2 trillion.
At a staggering $ 1.3 trillion,
outstanding student loan debt is casting a financial pall on millions of Americans, according to a new study by the bank.
Outstanding student loan debt in the U.S. has swelled to more than $ 1.3 trillion.
I settled into the back booth and prepared to eat the equivalent of
my outstanding student loan debt.