When Employers Pay Student Loans, Those Who Most Need Help Are Left Out

Source: Gillian B. White, The Atlantic, July 19, 2016

Companies are providing debt assistance to their employees—a nice, and rarefied, perk. …. The benefits tend to come in one of three forms: tuition assistance (which pays for school directly for employees who are currently enrolled), student-loan payment assistance (which helps graduates pay off their existing loans), and consolidation and refinancing opportunities. That last tool is a newer and less common perk. Refinancing can make a huge difference for those with significant debt; by lowering interest rates it can drastically reduce the total amount of money paid. …..