Now’s the time to offer Student Loan Assistance

by Joe Kwasniewski | 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.

by Joe Kwasniewski | 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

by Joe Kwasniewski | 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

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...

How To Add Tiers To Your Repayment Plan

by Vishuka Mathur | Oct 16, 2022 | Employee Benefits, Human Resources, Program Management, Student Loan Assistance

Step 1: To add tiers to a new repayment plan, click “Add new plan” from your Plan info page and follow the instructions here. If you already have a repayment plan, click “Edit plan”. Step 2: Select “Yes” to the question “Would...

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...