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President Joe Biden moved to discharge federal student loans for more than 150,000 people on Monday, in a final push that will bring the total number of borrowers who received loan forgiveness under his administration to over 5 million people.
The Education Department is canceling debt for individuals who were cheated or defrauded by their institutions, people with severe disabilities, or public servants, according to a press release.
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As employees decide whether to stay with their employer, support tied to student loan debt and education benefits is becoming a clear differentiator.
From loan repayment and forgiveness to tuition planning, employers can improve workers' education about how to proceed following July 1 changes to plan options.
Americans' financial literacy has slipped to a 10-year low, with new TIAA Institute data showing weaker scores, wider gaps, and rising reliance on AI tools for money decisions.
Benefits and policies that support mothers' health, financial security and ability to be present at home and at work mean the retention of essential talent.
A financial planning expert shares advice benefit leaders can pass along to their employees.
