How do student loan repayments by your employer work?
Problem by Andy S: How do pupil financial loan repayments by your employer perform?
I recently graduated and I’ve heard some businesses will offer you “loan repayments”. Do I comprehend appropriately that I will not pay out any taxes on this amount? Does it make a difference if its federal or personal loans? Can any person (employer) offer this sort of incentive?
If you are in the US, this would be income to you.
The only times it wouldn’t be is if you took the loan with the contractual agreement that you would work in an underserved area for x number of years (ala the doctor in the tv series “Northern Exposure”).