Student loans

The Fed estimates 11.5 million borrowers may not be able to resume paying once the freeze is lifted.

At least 30 senior White House staffers have student loan balances.

The Biden administration has repeatedly extended a temporary freeze on student debt payments enacted shortly after the pandemic began in 2020.

Strategies include implementing a matching program or student loan management solution to help pay down debt, as well as a 529 plan for parents saving for their child’s educational future.

A total of 43.2 million student loan borrowers across the U.S. hold a cumulative $1.75 trillion in student loan debt.

As the CARES Act ends and student loan payments resume, it’s crucial employers provide financial literacy and support for their employees, especially those in public service.

Goodly has created a database that connects employees to companies providing student debt relief benefits.

Employees are drowning in student debt that can take decades to pay back.

The burden of student loans can cause enormous stress and damage to an employee’s mental health.

The wealth management firm partnered with Morningstar and FutureFuel.io to expand offerings for clients.