Offer employees an option to have their Federal Student loan payments directly deducted from payroll IF the loan is consolidated. By doing this, employees should receive a reduced interest rate and the Department of Education is guaranteeing minimally missed payments from federal employees. Employees should also be able to go online and direct increased amounts of paychecks towards student loan debt—For example, a year-end ...more »
I suggest that you take a hard look at the loan practices of Sallie Mae. Its smart option loans are deceptive and the interest they charge students is excessive. I suggest moving all student loans back to the Federal Government because private banks are exploiting our students.