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

by Joe Kwasniewski | 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...

[US Senate] Multiple Senators Urge IRS to Promote Educational Assistance Programs

by Joe Kwasniewski | Aug 4, 2023 | Employee Benefits, Employee Engagement, Financial Wellbeing, Plan Design, Program Management, Student Loan Assistance, Student Loan Debt, Student Loan Repayment

In a recent post on the senate’s government website, senators Mark Warner (D-VA), and John Thune (R-SD) urged the IRS to promote educational assistance programs like Student Loan Repayment. The piece highlights the 2020 legislation allowing employers to offer the...

Support employees returning to the office with Student Loan Assistance

by Joe Kwasniewski | Aug 4, 2023 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Finding Talent, Retaining Talent, Student Loan Assistance, Student Loan Repayment

As we make our way through the back-half of the year, more and more employees are being asked to return to the office. Not surprisingly, there’s been significant pushback from employees that have been asked to move on from their work-at-home environment. A recent...

Inviting Employees to Peanut Butter

by Vishuka Mathur | Oct 16, 2022 | Financial Wellbeing, Human Resources, Retaining Talent, Student Loan Assistance, Student Loan Repayment

Initial Set-up There are two ways to invite Employees to Peanut Butter. You can invite them in batches using CSV files or individually. Let’s start with uploading a list of employees to PB: STEP 1: Log in with your Employer Account here and click “Employee...

How student loan debt became a $1.7 trillion crisis [CNBC]

by Vishuka Mathur | Oct 13, 2022 | Employee Benefits, Financial Wellbeing, Human Resources, Recruiting, Retaining Talent, Student Loan Assistance

College graduates are drowning in debt but it didn’t have to be this way. Steadily, tuition increases have outpaced incomes forcing families to rely on student loans to help foot the bill. At this pace, “outstanding student loan debt could topple $3 trillion by 2035,”...

What to Know About Student Loan Assistance at Your Job [USNEWS]

by Vishuka Mathur | Oct 13, 2022 | Financial Planning, Financial Wellbeing, Human Resources, Recruiting, Retaining Talent, Student Loan Assistance

With so many workers carrying student loan debt, repayment assistance programs can be a valuable benefit to employees. Student loan debt is a burden that crosses generational lines, with members of all five generations – from the Silent Generation to Gen Z – carrying...