Student loan challenges are mounting. Employer guidance can help
From loan repayment and forgiveness to tuition planning, employers can improve workers' education about how to proceed following July 1 changes to plan options.
Student loans
Emergency savings benefits address student loan and retirement stressors
Nearly all employees are experiencing financial strain, impacting their ability to pay off loans and save for the long-term.
Student loan debt is stressful. Benefit managers have the power to help
The CEO of Summer and the CHRO at LEARN discussed why offering expert help is a benefit with a big impact at EBN's virtual financial wellness summit.
Education Department moves to revamp student debt programs
The government is striving to make student loan forgiveness more efficient, but critics worry it will also make loans less accessible.
Trump shifts student loans, other programs among agencies
The Education Department oversees federal loans held by roughly 43 million Americans — or about one in six U.S. adults.
What financial wellness benefits do employees need?
Amid the changing economic landscape, many Americans are struggling to meet immediate and long-term money goals. Here are examples of companies working to give employees a boost.
SECURE 2.0 helps borrowers manage loans, but not with retirement
The 2022 retirement law aims to help workers pay off their student debts and save for retirement. Can it do both? It's complicated.
Benefits Think Why pushing beyond financial wellness to well-being matters
The ultimate destination for employees is arriving at a place where they can fully meet their financial obligations, feel secure and make choices that allow them to enjoy life.
Sid Pailla
Sunny Day Fund
Benefits Think How to get Gen Z and millennials excited about retirement planning
Treating student loan payments as eligible for a 401(k) match will help young employees save for retirement while staying on top of their debt.
How Biden and Trump’s views on abortion and student loans will impact employers
As Biden and Trump hit the campaign trail, employers should be prepared for changes to policies around student loans and reproductive rights.
Biden details student loan ‘Plan B’ for 25 million borrowers
More than 30 million Americans would have federal loans forgiven when coupled with actions the administration has already taken.
Fidelity offers new benefit to support SECURE 2.0 student loan provision
Fidelity will take on the administrative leg work so employees can take advantage of student loan matching through SECURE 2.0.
Web Seminar Why everyone wins when employers help out with student debt
More US workers now report feeling stressed about their finances than ever before — and the return of federal student loan repayment certainly isn't helping.
86% of employees are stressed about money: Why your financial wellness benefits may be failing
Concerns around student loans, the cost of living and retirement are impacting employees' financial and emotional well-being.
Understand SECURE 2.0’s student loan provision to help employees with debt
A new provision enables employers to contribute to a workplace 401(k) plan when an employee pays their student loan debt.
Benefits Think The key role that student debt plays in employee financial well-being — and next steps for employers
Well-designed benefits packages can create relief and increase retention among those who are stressed over student loans.
Nick Maynard
Commonwealth
40% of student loan borrowers are missing payments. 3 ways employers can help
Aaron Smith, co-founder of Savi, shares how employers can help workers eliminate student loan debt.
5 ways retirement changed in 2023
The year saw both progress and problems, from glitches in the Inflation Reduction Act to a controversial new rule for advisers.
10 states with the highest student loan debt
Degreechoices analyzed data from the Office of Federal Student Aid, ranking which states had the highest average student debt per borrower.
Student loan forgiveness take two: A look at Biden’s ‘Plan B’
Will Sealy, CEO of Summer, discusses President Biden's new proposal, and whether student loan borrowers are likely to see federal relief.
