Clients are looking for student loan relief over 401(k) benefits

Clients are looking for student loan relief over 401(k) benefits

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Student loan debt is surging, hitting a new record of $1.5 trillion in the first quarter this year.

Massive student loan debt can cause problems in people’s lives, both financial and emotional, to the point that many view eliminating student debt as more important than retirement planning.

Indeed, a 2018 study from student loan management company IonTuition found that 75% of respondents would rather their employer offer monthly contributions to their student loans over 401(k) benefits.

https://www.financial-planning.com/news/student-loan-debt-takes-priority-over-retirement-planning

 

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