Student loans

Despite legal challenges, President Joe Biden expects his debt forgiveness to move forward.

Students aren't the only ones who can apply for student debt relief —the parents who supported them through college are also eligible.

Kristen Carlisle, general manager of Betterment at Work, is finding new ways to help people through tough financial times.

Biden's program will wipe out federal debt for millions of borrowers, freeing up cash to compound in long-term nest eggs over decades.

Lydia Jilek, senior director of voluntary benefits solutions at Willis Towers Watson, explains how Biden's loan forgiveness plan will impact employees and employers alike.

The plan will ripple through the economy as personal spending and savings shift.

The president will also extend the moratorium on repaying student-loan debt for four months through Dec. 31.

For Wall Street, where confidentiality is bred in the bone, this poses a conundrum. 

Investing in student loan assistance, employer–sponsored emergency funds or childcare support can line employee pocketbooks and ease financial anxiety.

Employees across 100 nonprofit, healthcare and university systems are slated to have portions of their student debt forgiven.