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When President Biden signed an executive order canceling up to $20,000 worth of student debt, the most obvious beneficiaries were students. But many parents could share the relief as well, because millions of them have taken out loans to bankroll their children’s educations.
“There are a significant number of parent borrowers, and they’ll benefit from this,” says Mark Kantrowitz, a student loans expert and author of the book How to Appeal for More College Financial Aid.
Nathan Place is a national reporter at American Banker. A native of New York City, he has worked for more than a decade in both print and video journalism. He got his start in Beijing, where he … Read full bio
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When an easier avenue to saving money becomes available, employees’ well-being and workplace productivity improve.
U.S. workers say retirement is getting harder to afford, raising questions about how organizations can help workers save, understand their benefits, and plan ahead.
Women take on the majority of caregiving responsibilities for aging parents, often putting their financial futures at risk.
As benefit decisions get finalized, childcare offerings may be more within reach than companies think.
As employees decide whether to stay with their employer, support tied to student loan debt and education benefits is becoming a clear differentiator.
