2 ms·
Why should employees who were smart enough not to wind up with mounds of student loan debt get less compensation?
by seattle_spring 11y ago
Why should employees who were smart enough not to wind up with mounds of student loan debt get less compensation?
- mordocai 11y agoAgreed. Even if they generalized it to just "debt payments" instead the same issue would be there. Theoretically a non-debt employee would be able to negotiate a higher salary in exchange for not needing the student loan debt help but in reality since sharing salary information is frowned upon in the US culture you'd probably just never know.
- extra88 11y agoI think it would be better if it was offered as "the company will provide X tax-exempt dollars, you, the employee can choose how many of those dollars go to paying student loans and how many go to a 401(k)." I would consider being more paternalistic and require some percentage to to the 401(k) because putting money aside for retirement is an important habit to develop early. I also agree that this could further exacerbate the high cost higher education.