I just started my first contracting business, and wanted to be able to find a (legal) way to keep the money within the LLC but still pay down my student loan debts. Basically I'd really like to use as much of my side income as possible for knocking down the student loans that my wife and I racked up, and ideally I'd want to reserve as much tax-free dollars for that as possible.
If there is a way to accomplish this, how? If not, are there other options I have overlooked?
This question looks similar, but I created an LLC not a C-Corp.
The company is a multi-member LLC.
Are there any legal vehicles for getting student loan debt to be paid with some kind of pre-tax dollars?
Or for example, can you create a tuition assistance program within your company and pay yourself out of that for the purposes of student loan money.