BBQ, Blues and Beale Street aren’t the only things drawing folks to Memphis these days; so are the career benefits.
When most of us think of big industry hitters, our minds typically wander to the tech giants of San Francisco, The Wall Street money to be made in NYC or even the lights, camera and action opportunities of Los Angeles. But before you pack your bags and move to the highly-competitive, high-costing coast, you might want to check out what the heartland has to offer.
Following in the footsteps of several privately-owned local businesses in town, the Memphis city council passed a measure to now offer employees help with their student loan debt as part of their benefits package. That’s right… 401k, health Insurance and now, student loan help! According to CNN Money, Memphis city employees now receive an extra $50 each month towards their student loan debt payment. Well now… this is a game changer.
In fact, Memphis is the first municipality in the country to offer such a program—sparking both headlines and interest from the 42+ million Americans still struggling to pay off their student loans. Could Memphis be the next hot career hub? With perks like this, country valley might not be too far away.
Not on Memphis’ payroll yet? No worries. If you still need assistance with your student loan debt, Docupop is here to help you find and file for the perfect repayment program to fit your needs. Click below for your FREE consultation today! It only takes 10 minutes or less to transform your loan life.
Reference:
http://money.cnn.com/2017/06/08/pf/college/memphis-student-loan-repayment/index.html
Disclaimer: Docupop is a private company, not affiliated with the Department of Education. The DOE offers several programs that may offer lower monthly loan payments for borrowers who meet the qualifications based on income and family size. Lower monthly payments may lead to longer student loan maturity periods, increasing the total amount of interest over the life of the loan. The DOE also offers programs that may forgive some or all of the borrower’s loan balance. The Public Service Loan Forgiveness program (PSLF) is based on the number of qualified payments made under the program while working full-time for a qualifying employer. Other programs require a specific number of qualifying payments and then forgive the remaining balance once those payments are completed, without any public service obligation. Depending on the type of forgiveness, any amounts forgiven may be treated as taxable income for income tax purposes, please consult your tax professional. More information can be found on the DOE website: https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation
