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062: When an Employer Offers a Student Loan Benefit: What To Ask

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Manage episode 481362460 series 2880521
Content provided by Veterinary Financial Summit. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Veterinary Financial Summit or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Student loan benefits at work sound great on paper, but understanding the details requires asking the right questions. The tax-free $5,250 benefit established under the American Rescue Plan Act sunsets after 2025, which changes the long-term value proposition. We're breaking down crucial questions to ask: Does this payment count toward forgiveness program requirements? What about private loans? We'll also discuss that eye-catching $60k benefit being marketed to vet students by a major hospital group and explore alternatives worth considering during negotiations.

Key moments:

(04:20) Tax-free student loan benefits expire after 2025 (and it could cost you money)

(10:34) Directly negotiating a higher salary may be better than complex student loan benefits

(12:55) Benefits paid across several years assume longer employment than a vet may maintain with that employer

(15:05) Employer loan benefits don't always reduce monthly payments

(18:01) Career path alignment matters more than student loan benefit packages

Link mentioned in this episode:


DVMs deserve financial experts who speak their language. Book a free intro call today. Just browsing? Learn more about us at SLP Wealth.

Like the show? There are several ways you can help!


  continue reading

63 episodes

Artwork
iconShare
 
Manage episode 481362460 series 2880521
Content provided by Veterinary Financial Summit. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Veterinary Financial Summit or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Student loan benefits at work sound great on paper, but understanding the details requires asking the right questions. The tax-free $5,250 benefit established under the American Rescue Plan Act sunsets after 2025, which changes the long-term value proposition. We're breaking down crucial questions to ask: Does this payment count toward forgiveness program requirements? What about private loans? We'll also discuss that eye-catching $60k benefit being marketed to vet students by a major hospital group and explore alternatives worth considering during negotiations.

Key moments:

(04:20) Tax-free student loan benefits expire after 2025 (and it could cost you money)

(10:34) Directly negotiating a higher salary may be better than complex student loan benefits

(12:55) Benefits paid across several years assume longer employment than a vet may maintain with that employer

(15:05) Employer loan benefits don't always reduce monthly payments

(18:01) Career path alignment matters more than student loan benefit packages

Link mentioned in this episode:


DVMs deserve financial experts who speak their language. Book a free intro call today. Just browsing? Learn more about us at SLP Wealth.

Like the show? There are several ways you can help!


  continue reading

63 episodes

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