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President Joe Biden vetoed a bill designed to kill the administration’s sweeping student-debt relief plan on Wednesday.
The legislation, initiated by congressional Republicans, would have thwarted the president’s executive action to cancel billions of dollars in student debt and eliminate the government’s restructured repayment program.
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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.
Developing a plan of action can help HR leaders guide workers through this financially trying time.
The Congressional Budget Office estimates that about 750,000 employees will be furloughed at a cost per day of $400 million in lost compensation.
From healthcare to education to retirement, here are some of the major ways this new legislation may affect your offerings and the open enrollment process itself.
