Professor Alex Dontoh offers insight on how organizations can help employees find financial peace of mind
— June 12, 2020
Excerpt from Reuters -- "There are a number of ways employers can offer such a benefit, including a single lump-sum payment or regular monthly payments for a finite or indefinite period. “With these contributions, employees will see an instant boost to their bottom line,” explains Alex Dontoh, a professor of accounting at New York University’s Stern School of Business. 'According to Federal Reserve statistics, the monthly average student loan payment is $393. A monthly loan payment of $393 is quite a large amount considering that the average before-tax salary of a college graduate in the U.S. is about $50,000,'"