There’s no tax benefit, plus it’s quite difficult, many companies are selling loan-repayment as an advantage.
Every thirty days, Fidelity Investments contributes precisely $167 apiece toward the student-loan repayments of very nearly 9,000 of its employees. Generally in most situations, Fidelity could make a easy electronic transfer to student-loan servicers, the patchwork of businesses that handle payment as well as other administrative functions for student education loans in america, of which there are over $1.5 trillion outstanding. Several servicers, though, force Fidelity to issue paper checks for specific loan payments—and if there’s a mistake, the check eventually gets delivered back. Read more