Think twice before paying someone to help you (or your employees) apply for loan forgiveness

Think twice before paying someone to help you (or your employees) apply for loan forgiveness

by | Sep 8, 2023 | Benefits, Decisions, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Student Loan Assistance, Student Loan Repayment

Loan forgiveness through government programs has, and always will remain a hot topic in the media. Specifically, Public Service Loan Forgiveness (PSLF). This program is handled by the the department of education and borrowers may only apply at studentaid.gov. Once...
[The Wall Street Journal] Student Loan Borrowers Face Repayment Soon. CFOs Are Watching to See if Spending Takes a Hit.

[The Wall Street Journal] Student Loan Borrowers Face Repayment Soon. CFOs Are Watching to See if Spending Takes a Hit.

by | Sep 5, 2023 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Human Resources, Program Management, Student Loan Assistance, Student Loan Debt, Winning Together

A recent article from The Wall Street Journal analyzed the resumption of federal student loan payments alongside other spending trends. It highlighted that these payments will likely significantly impact spending nationwide as gas prices and typical grocery bills...
[PYMNTS] Businesses Offering Student Loan Help to Gain Recruitment Edge

[PYMNTS] Businesses Offering Student Loan Help to Gain Recruitment Edge

by | Sep 1, 2023 | Benefits, Decisions, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Finding Talent, Human Resources, Recruiting, Student Loan Assistance, Student Loan Debt, Student Loan Repayment

In a recent article from PYMNTS, Student Loan Repayment was highlighted as a unique way for employers to attract talent. It was cited that nearly 70% of college graduates believe their student debt will influence career choices. It also highlights the fact that 3x...
[CNN Business] Employers could offer you tax-free help with your student loan payments. Most are not

[CNN Business] Employers could offer you tax-free help with your student loan payments. Most are not

by | Sep 1, 2023 | Benefits, Differentiation, Employee Benefits, Financial Wellbeing, Finding Talent, Human Resources, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Repayment, Tax-free

In a recent post from CNN Business, tax-free student loan assistance was highlighted as a high impact solution for combatting the return of federal student loan payments for borrowers nationwide in October. The article eludes to the fact that only 8% of employers...
[Bloomberg Law] 401(k) Law’s Appeal Fades as Workers Face Student Debt Deadlines

[Bloomberg Law] 401(k) Law’s Appeal Fades as Workers Face Student Debt Deadlines

by | Aug 18, 2023 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Finding Talent, Human Resources, Plan Design, Program Management, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Repayment, Winning Together

In a recent article from Bloomberg Law, the provisions in the SECURE Act 2.0 that will allow employers to treat student loan repayment like retirement plan deferrals were analyzed. The end result eluded to the fact that today’s workforce needs and prefers direct...
Nearly half of student loan borrowers have or will get their loans transferred this year

Nearly half of student loan borrowers have or will get their loans transferred this year

by | Aug 4, 2023 | Benefits, Employee Benefits, Employee Engagement, Financial Wellbeing, Human Resources, Student Loan Assistance, Student Loan Debt

Since the beginning of 2022, student loan borrowers have consistently dealt with transfers to new loan providers, thanks to constant changes in the industry. According to a recent piece by pymnts.com and Google, these transfers have impacted nearly half of all...