Student Loan Contribution Programs to Help Ease Employee Financial Stress
According to a recent survey, 81 percent of workers are taking steps to prepare for a possible recession. These steps include paying off debt, increasing contributions to savings, and looking for a higher-paying job. Nearly half felt negative about their personal...
Student Loan Repayment Plans or Tuition Reimbursement?
The Difference Between Student Loan Repayment Plans and Tuition Reimbursement Student loan repayment is expected to resume May 1st after two years of interest-free forbearance extensions following the CARES Act, which was originally passed in March of 2020. With...
Employer Contribution Benefit Extended until 2025
The latest stimulus bill passed into law includes an extension on tax-free payments by employers to pay down employee student loan debt. This provision originally set by the CARES Act was due to expire on December 31, 2020, but last month’s passing of the Consolidated...
Whether or not to make payments during the CARES Act forbearance on direct federal loans
The CARES Act, signed into law on March 27, 2020, includes a broad range of provisions designed to help Americans whose everyday lives were dramatically altered by the COVID-19 pandemic. Among other measures, the Act provides relief for federal student loan borrowers,...