Managing student loan debt can be challenging and a significant budgetary burden. After taxes are deducted from your monthly earnings, it can be difficult to have enough money to allocate to bills, including student loans, and still have money to build a savings or retirement fund. Being able to pay on student loans before taxes are removed from earnings would help to lighten this load. Perhaps a program similar to a 401k, into which you can put pre-tax money that would be used for student loan repayment. Allowing one to put in more money than the monthly loan payment could lead to paying off debt sooner. This would allow for us to save for our future and likely then eventually lead people to putting more of their money back into the economy.
This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.
