Have you ever wondered how the 401K industry grew from $0 to over $4.8 Trillion in assets? It certainly would not have happened if Congress didn't act almost 40 years ago to provide a tax preference for employer-sponsored retirement plans. What does this tell us about the student loan industry?
Next Wednesday, GradFin will present to the American Bar Association's Young Lawyers Division about the Future of Student Loan Payments. We believe that if Congress makes a couple changes to the tax code (mirroring what happened with the 401K back in 1978), the future for student loan borrowers could be a lot brighter. GradFin will present about several proposals that are under consideration by Congress to reduce taxes on student loan payments. These changes could bring massive changes to the industry and would help borrowers pay back their student loans much faster. Click on the link below to go to the event website.
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