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After the Supreme Court struck down President Biden’s student loan forgiveness plan, it left 43 million Americans scrambling to resume monthly repayments in October after a three-year-long pause. With borrowers owing a collective $1.7 trillion, for many Americans, this will not be an easy transition.
But some employers are taking the opportunity to ease the burden.
Deanna Cuadra is a senior reporter at Employee Benefit News. Her work covers healthcare, U.S. policy and reform, challenges faced by women and parents in the workplace and innovation in work culture … Read full bio
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Customizing activities to fit the dynamics of a workforce can improve engagement and employee interaction.
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.
Young professionals are struggling more than their older counterparts to juggle their jobs, debt, and families with aging parents.
Leaders could be doing their part in helping employees purchase a home by providing better, more comprehensive support through policy and culture.
