The Reality of Government Student Loan Forgiveness Initiatives

by Joe Kwasniewski | May 13, 2024 | Benefits, Employee Benefits, Student Loan Assistance, Student Loan Balance, Student Loan Debt, Student Loan Repayment, Winning Together

In 2024, 43 million Americans hold student debt for 1.7 trillion dollars outstanding. That means the average student loan borrower has close to $40,000 still to pay off on their debt. A daunting number for most, and student debt’s impact is still continuing to...

How does student debt impact your industry?

by Joe Kwasniewski | Jan 2, 2024 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Human Resources, Student Loan Assistance, Student Loan Balance, Student Loan Debt, Student Loan Repayment

Across the US workforce, 45 million Americans are burdened by student loans. With the average borrower holding north of $30,000 outstanding. It is no wonder it is one of the United State’s biggest causes of financial stress. However, employers have the...

Promote Gender and Cultural Diversity with Student Loan Assistance

by Joe Kwasniewski | Nov 27, 2023 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Finding Talent, Human Resources, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Debt, Workplace diversity

Student debt is burdensome. According to the Education Data Initiative, today’s average borrower holds over $40,000 outstanding. Alone, that data-point is compelling enough to persuade many employers to offer Student Loan Assistance as a benefit. However,...

Student Loan Survey: Most Borrowers Are Stressed About Repayments [Experian]

by Joe Kwasniewski | Nov 27, 2023 | Financial Wellbeing, Student Loan Debt, Student Loan Repayment

Student loans have consistently shown up in the US news cycle since President Biden’s debt forgiveness plan was struck down by the Supreme Court in June, and following the historical resumption of federal student loan payments in October. Today, the consensus...

How Student Loan Debt Can Impact Your Life [LendEDU]

by Joe Kwasniewski | Nov 6, 2023 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Human Resources, Student Loan Assistance, Student Loan Balance, Student Loan Debt, Student Loan Repayment, Winning Together

As we round out 2023, student debt is playing a much bigger role than it did in years past in the lives nearly 50 million Americans. Today, the average borrower owes right around $30,000 toward their student loans, and this number will only continue to grow year by...

Here’s A Winning Strategy For Hiring Early Talent: Help Them With Their Student Loans [Forbes]

by Joe Kwasniewski | Oct 30, 2023 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Financial Planning, Financial Wellbeing, Human Resources, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Debt, Winning Together, Workplace diversity

As employers continue to navigate the post-pandemic era, a new normal is setting in for student debt holders as payments resume in October. The end of pandemic-related forbearance doesn’t generate a net new monthly expense for most borrowers, but it certainly...