How One Firm Plans to Help Its Employees Get Out of Student Loan Debt
Pricewaterhouse Coopers agrees to pay its employees up to $1,200 a year for up to six years toward their student loans.
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Pricewaterhouse Coopers agrees to pay its employees up to $1,200 a year for up to six years toward their student loans.
Vaughn L. McKoy grew up in the inner city without a dad, but nurtured by mentors he achieves on a grand scale and keeps a promise to give back to others.
"We don’t live in a society where African Americans are restricted in what colleges they can go to," Obama said. "And I want them to be able to go to an LSU or a Tulane as well as a Southern, as well as a Morehouse, as well as a Howard or a Spelman.†A debate has erupted about the Obama administration and how it has treated HBCUs, because of the answer the president gave a Southern University student.
All borrowers with federal Direct student loans have access to a new repayment plan with monthly payments limited to 10% of their discretionary income. You can enroll regardless of when you borrowed. If you’re having trouble affording your monthly payments — or just want the assurance of payments based on your income — check out the Revised Pay As You Earn (REPAYE) plan and see if it’s right for you.
“Millennials confront greater difficulties – including economic uncertainty, student debt – than those who came before them,†Price Waterhouse Coopers and George Washing University researchers say. “As a generation carrying new personal responsibility, it is critically important for Millennials to be on a path leading toward financial security," researchers say.