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The first thing that came to my mind was that this would be a modified form a wage garnishing, but with employer contributions included. Do you have plans to i
by CaliforniaKarl 11y ago
The first thing that came to my mind was that this would be a modified form a wage garnishing, but with employer contributions included.
Do you have plans to include lobbying as a budget item? Just searching around, it seems that "Make student-loan repayment pre-taxable" has been brought up in the US before.
I'm curious: Where would you expect to take your cut, and how? Would it be a flat fee per enrolled employee, or maybe a % of $ being contributed?
If something like this did become a reality, I would expect it to eventually be bought by a benefits-handling institution like Fidelity or CREF, something who already does tight interaction with corporate payroll platforms.
- vs2370 11y agoNo cuts. Ethically I dont think it is great to eat commissions out of repayments towards loan. I think it would work more like how gusto or small improvements works for ex. Another enterprise SaaS tool with per employee charge. Also there might be other revenue streams. For example refinancing options or getting into loan market itself and marketing a loan that is in terms with employers, etc.
- vs2370 11y agoAlso no plans on any lobbying :)