Student loans blocking your retirement savings? A change to federal law MIGHT help [The Boston Globe]

by Joe Kwasniewski | May 13, 2024 | Benefits, Employee Benefits, Employee Engagement, Financial Wellbeing, Plan Design, Program Management, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Repayment, Uncategorized, Workplace diversity

Since 2015, employers have been contributing modest monthly amounts (e.g., $50) toward employee student loans and achieving profound results: 13% faster hiring timelines, 36% longer employee tenure, and Greater gender and cultural diversity. This year, more companies...

Student Loan Assistance = Financial Wellness at its Finest

by Joe Kwasniewski | Oct 15, 2023 | Benefits, Employee Benefits, Employee Engagement, Financial Wellbeing, Human Resources, Student Loan Assistance, Student Loan Debt, Uncategorized, Winning Together

Student Loan Assistance has shifted to the top of many news headlines and Human Resources department agendas in October. The month that many thought wouldn’t arrive for the past three and a half years is now in full swing, and borrowers around the country are...

[Voluntary Advantage] What your business needs to know about student debt

by David Aronson | Jul 21, 2023 | Uncategorized

This article was originally published by Voluntary Advantage in the July 2023 edition of the Voluntary Benefits Voice. To read the full publication, click here; this article appears on page 18. Student loans are a big problem in America; collectively, more than 45...

Supreme Court rules against Biden’s student-loan forgiveness plan, halting potential relief for millions of borrowers

by David Aronson | Jun 30, 2023 | Uncategorized

This morning June 30th, 2023, the US Supreme Court ruled President Biden’s Student Debt Relief Plan to be unlawful in a 6-3 vote.  As many Americans know, nearly 45,000,000 borrowers must resume monthly payments on their Federal Student Loans this October as...

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...

President Biden’s Student Loan Relief Plan: What Does It Mean For You?

by David Aronson | Aug 25, 2022 | Benefits, Decisions, Employee Benefits, Employee Engagement, FAQ, Financial Planning, Insights, Retaining Talent, Student Loan Assistance, Student Loan Balance, Student Loan Debt, Student Loan Repayment, Uncategorized, Winning Together

***Updated December 7, 2022*** On Wednesday, August 24, 2022, the White House announced President Biden’s Student Loan Relief Plan. The three-part plan includes: $10,000 of potential debt reduction for federal loan borrowers and the payment holiday’s end (hereafter...