More feds are benefiting from student loan repayments

Friday - 8/20/2010, 12:33pm EDT

Federal agencies were more generous with student loan repayment benefits in 2009 than in the previous year, according to a report the Office of Personnel Management released on Thursday. GovExec reports that from 2008 to 2009, the number of federal employees receiving student loan repayment benefits increased 23 percent, rising from 6,879 to 8,454, according to the annual report to Congress. Agencies' overall financial investment in the program also grew, increasing 20 percent from $51.6 million to $61.8 million.

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