Ensuring a successful launch for your Student Loan Assistance program

Ensuring a successful launch for your Student Loan Assistance program

by | May 13, 2024 | Benefits, Decisions, Employee Benefits, Employee Engagement, FAQ, Human Resources, Plan Design, Program Management, Student Loan Assistance, Student Loan Repayment

Conceptually, there’s many ideas surrounding the right route for a successful Student Loan Assistance program launch. When considering this new benefit, it’s important for employers to understand what works. In a recent article from Indeed, three key requirements were...
Four things employers shared when they switched their administrator, and hired Peanut Butter

Four things employers shared when they switched their administrator, and hired Peanut Butter

by | May 13, 2024 | Benefits, Differentiation, Employee Benefits, Program Management, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Repayment, Tax-free, Winning Together

Selecting the right vendor for any benefit is a crucial component of a program’s success. During our time supporting group transitions from other Student Loan Assistance administrators, we’ve learned four key reasons on why employers are choosing to make the switch....
Now’s the time to offer Student Loan Assistance

Now’s the time to offer Student Loan Assistance

by | Sep 25, 2023 | Benefits, Employee Benefits, Employee Engagement, Financial Wellbeing, Program Management, Retaining Talent, Student Loan Assistance, Student Loan Repayment

During the heart of the Covid-19 pandemic, board rooms and executive suites around the country were filled with uncertainty. However, even with troubling times and a holiday on required federal student loan payments, many employers still chose to offer Student Loan...
[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...
[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...
[US Senate] Multiple Senators Urge IRS to Promote Educational Assistance Programs

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

by | 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...