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A federal judge in Texas struck down the Biden administration’s sweeping student loan forgiveness plan, calling it “one of the largest exercises of legislative power without congressional authority in the history of the United States.”
U.S. District Judge Mark Pittman, an appointee of President Donald Trump, sided with two borrowers in Texas who argued the government violated federal administrative procedure in implementing the plan.
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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.
Starting July 1, 2026 Parent PLUS loans will no longer be eligible for flexible repayment options.
A delay in administrative wage garnishment buys employers more time to devise strategies to assist debt-ridden employees and alleviate financial stress.
Developing a plan of action can help HR leaders guide workers through this financially trying time.
