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Julie Chinnock is 50 years outdated and owes about $250,000 in student loans. She was glad to get a brand new fee plan that lowered her month-to-month invoice, however the holders of two bonds backed by her loans had been in all probability much less cheerful. The two bonds had been due in 2043 and…
Many staff with student loans postpone saving for retirement. Now, a handful of firms try to forestall them from falling behind on retirement financial savings by matching their student-loan repayments with contributions to a 401(okay) plan. In latest months, firms together with Abbott Laboratories, ABT -0.05% Travelers Cos. and Raytheon Co. have both launched or…