Is the SAVE Student Loan Repayment plan making a difference for your employees?

by Joe Kwasniewski | Nov 12, 2024 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Features, Financial Wellbeing, Government Relations, Human Resources, Plan Design, Student Loan Assistance, Student Loan Balance, Student Loan Debt, Student Loan Repayment

Nationwide, many individuals are utilizing the SAVE plan to lower monthly payments on their student loans and in their minds putting themselves in a better position financially. The SAVE plan is income-driven and payments are altered by each unique person’s earnings....

Supreme Court rebuffs Biden administration plea to restore multibillion-dollar student debt plan [AP News]

by Joe Kwasniewski | Oct 11, 2024 | Benefits, Decisions, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Government Relations, Human Resources, Insights, Student Loan Assistance, Student Loan Repayment

White House attempts to relieve portions of student debt the US workforce faces have continued to get struck down by the Supreme Court. Alluding to the consistent verdict that no widespread forgiveness is coming for borrowers.  In a recent post from AP News, another...

Borrowers may apply now for Student Debt Relief

by Vishuka Mathur | Oct 17, 2022 | Government Relations, Student Loan Debt

In late August 2022, President Biden announced a Student Debt Relief Plan that would provide eligible borrowers with full or partial discharge of up to $10,000 in student debt, and up to $20,000 for Federal Pell Grant recipients. Eligible borrowers may now apply for...

Reminder: Student loan holiday ending in 2023

by Vishuka Mathur | Sep 29, 2022 | Benefits, Employee Benefits, Employee Engagement, Financial Planning, Financial Wellbeing, Finding Talent, Government Relations, Human Resources, Program Management, Retaining Talent, Student Loan Assistance, Student Loan Debt, Student Loan Repayment, Winning Together

On August 24, 2022, the White House announced President Biden’s Student Loan Relief Plan. Click here to learn what the three-part plan includes and what this could mean for you. Starting mid-2023 student loan servicers are expected to resume the monthly collection of...

The student debt gender gap: Women burdened more by debt call for systemic changes [Whio]

by Vishuka Mathur | Sep 20, 2022 | Employee Benefits, Employee Engagement, Financial Wellbeing, Government Relations, Insights, Student Loan Debt, Uncategorized, Winning Together, Workplace diversity

The bulk of student loan debt in the U.S. has fallen on women, who today hold nearly two-thirds of all outstanding student debt, an amount that totals more than $900 billion, according to the American Association of University Women. Upon college graduation, a female...

Indiana the latest state to confirm it will tax student loan forgiveness [Axois]

by Vishuka Mathur | Sep 7, 2022 | Financial Planning, Financial Wellbeing, Government Relations, Insights, Student Loan Assistance, Student Loan Balance, Student Loan Debt, Student Loan Repayment

As the Biden administration sets out to implement its student loan forgiveness plan, Indiana became the latest state Tuesday to confirm that it will tax student loan forgiveness. Several states have indicated that residents could face a state tax on the balances...