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How Money From Your Employer For Loans Can Hurt You
Episode 62
Published 6 years, 4 months ago
Description
Free money from your employer to help pay off your loans is a great idea, right? Wrong! It could be one of the worst employee benefits ever. I'll break down how this can affect your finances and show you how employer student loan benefits are a bad idea.
In today's episode, you'll find out:
- Why taking money from your employer for student loans is a trap
- How a free $100,000 can end up costing you $50,000
- The tax consequences of employer-paid student loan payments
- The effect of employer student loan benefits on PSLF
- The problem with old-school thought patterns about debt
- Why "getting your debt to zero" isn't the best strategy
- How to get ahead by negotiating employer benefits
Full show notes at: http://studentloanplanner.com/62