Employers Can Now Match Student Loan Repayments as Retirement Contributions

Experts say the policy can be a “game changer” for Black women, who have the highest student loan debt on average.

Starting this year, employers can match employees’ student loan repayments as 401(k) contributions, a policy that experts say can be a “game changer” for Black women, who have the highest student loan debt on average. When someone makes a student loan payment, their employer can contribute that same amount of money to the employee’s retirement plan under Section 110 of a federal law known as the...

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This post was originally published on Latest – Truthout.


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» Employers Can Now Match Student Loan Repayments as Retirement Contributions | Darreonna Davis | radiofree.asia | https://radiofree.asia/2024/02/05/employers-can-now-match-student-loan-repayments-as-retirement-contributions/ | 2024-05-10T10:05:27+00:00
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