Susan Tompor Detroit Free Press Published 7:00 AM EDT Aug 9, 2019 Asabe Danpollo, 24, has one of those dream jobs that more young professionals are yearning to get. As part of the perks of working at PwC, her company promises to pay $100 a month toward her student loan debt. The offer covers up to six years — potentially knocking off up to $7,200 in principal. The total value is more since another $2,800 or so in interest could be eliminated, too. "Most of my debt comes from my master's program," said Danpollo, who earned an undergraduate degree in accounting from Michigan State University in 2016 and later a master's degree in strategic management in Ireland from University College Dublin. Danpollo, who comes from a family of seven children, said she put herself through college. She kept a lid on her undergraduate costs by working at the MSU library for a year and being awarded scholarships as part of the Michigan State women's rowing team. She … [Read more...] about The right job can help you pay down your student loans
Help paying student loans
In light of America’s massive student loan debt crisis, which has ballooned to a whopping $1.5 trillion, Morehouse College announced a new program designed to help relieve the burden of debt for its graduates. According to the United Negro College Fund (UNCF), 80% of HBCU students use federal loans to fund their education, compared to 55% of their peers at other private and state institutions. HBCU graduates also borrow nearly twice as much than non-HBCU students, while 1 in 4 HBCU students borrow at least $40,000 to attend college. At Morehouse, the average graduate owes between $35,000 and $40,000 in student loans. To help offset the stress of student debt on alumni, Morehouse is launching a funding initiative that will solicit and accept donations made specifically to reduce or eliminate the student loan debt of Morehouse Men. The goal of the Morehouse College Student Success program is to give grads greater financial freedom and the opportunity to pursue advanced degrees, … [Read more...] about Morehouse Launches New Fund to Help Eliminate Student Loan Debt
Susan Tompor Detroit Free Press Published 7:00 AM EDT Jul 25, 2019 Student loan debt is no doubt a drag on the U.S. economy, holding back how much money young consumers can spend on cars, homes and even invest in 401(k) plans or new businesses. But the debt crisis is giving an early kick start to the 2020 Democratic presidential race. One candidate after another has generated some buzz by offering up one freebie or another for tackling $1.5 trillion in student loan debt. The political rhetoric reflects the ongoing financial anxiety. So it wouldn't be surprising to hear more about student loans during the second round of Democratic Party presidential debates comes to Detroit on Tuesday and Wednesday, hosted by CNN. Dealing with old student loans has become so overwhelming for many families that it has now somehow risen to the level of, say, climate change or criminal justice reform. Why student loan debt is a hot topic Sure, … [Read more...] about Can 2020 o election help you shed student loan debt?
“We think it’s going to bring Texas great dividends. Just think how fast we are growing,” Wilkison said. “We are going to need more and more officers. And we are going to need them to be young folks that are highly trained, and we’re going to need them to stay in the profession.”Dallas Assistant Chief Angela Shaw said she is “excited for any tool that the state can give us” to boost recruiting. The change would also help attract more officers within the state, Shaw said.Shaw said police have recruited on college campuses and found many students have concerns about “the totality of circumstances” that comes with the job, including pay, pension benefits and their ability to repay debt.“There’s a lot of public interest in how we do our job, and I think that puts pressure on individuals wanting to come into the profession,” Shaw said.Increased starting pay has helped the department attract more applicants, but … [Read more...] about Texas lawmakers propose student-loan repayment as incentive as Dallas, other cities face police staffing shortage
Unum, a Tennessee-based insurance company, is allowing its US employees to exchange unused vacation days for help with student loan payments. Unum employees are allotted at least 28 paid vacation days a year; they can forfeit up to five days and receive up to $US250 a month cash toward their student loans. An increasing number of companies big and small offer student loan repayment benefits to employees, and research shows employee financial stability is linked to overall well-being and work performance. Some college graduates are so saddled with student loan debt, they may be willing to give up vacation time to pay it back. Unum, a Fortune 500 insurance company based in Tennessee, recently announced its new student debt relief program, which offers employees a perhaps enticing exchange: Forfeit up to five unused vacation days and receive up to $US250 a month to put toward student loan payments. In their first year at the company, Unum employees receive 28 days off, including … [Read more...] about Employees at an $11 billion insurance company can trade their vacation days for cash to help pay off student loans