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ERIC Number: EJ806464
Record Type: Journal
Publication Date: 2008-Jul-25
Pages: 1
Abstractor: ERIC
ISBN: N/A
ISSN: ISSN-0009-5982
EISSN: N/A
Employers Should Help Pay Student Loans for Their Workers
Wrubel, Paul R.
Chronicle of Higher Education, v54 n46 pA24 Jul 2008
The troubled student-loan market is a hot topic among legislators, policy makers, and the public. Two recurring issues are how to ensure that enough funds are available to students and how to ensure that lenders are fully repaid. Yet despite all the talk about loans, little has been proposed to help college students and their families with the ever-greater debts that probably lie ahead. Recent legislation, the Ensuring Continued Access to Student Loans Act, would suggest that the first issue--helping banks shore up capital to make student loans--is being dealt with. Although banks and nonprofit lenders continue to complain that Congress has cut too deeply into lender subsidies, causing student loans to be less profitable, the federal government seems to be stepping up to the plate and helping lenders make money available to students. In this article, the author discusses a partial solution to this problem: creating a federal program to provide tax benefits--or, in the case of nonprofit organizations, grant money--to employers that assist the college, proprietary-school, and advanced-degree graduates they hire with repaying their student loans.
Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail: circulation@chronicle.com; Web site: http://chronicle.com/
Publication Type: Journal Articles; Opinion Papers
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A