college debt Archives - Word on Benefits

From Debt to Zen: Transforming Financial Stress to Financial Serenity

Tim Hennessy

20 Nov 202320 Nov 2023

As 2023 comes to an end, many Americans are struggling to achieve the goal of living without financial liabilities as credit card debt in the U.S. hit a new record high, surpassing $1 trillion, according to the New York Federal Reserve Bank. […]

Communication Compliance Education Employee Assistance Program (EAP) Employee Benefits Financial Education Financial Wellness U.S.

Student Loan Repayment Options: The Key to Attracting and Retaining Employees

Bella Tomaw

10 May 202210 May 2022

Student loan debt rises in the U.S. each year, and the total reached $1.73 trillion most recently. With young adults joining the workforce having borrowed an average of $30,000 to obtain a bachelor’s degree, student loan repayment programs are becoming an intriguing […]

Education Employee Benefits Employee Benefits Survey Human Resources (HR) U.S.

Student Loan Assistance Benefits Extended Through 2025

Amanda Wilke

18 Aug 202118 Aug 2021

When the Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted in March of 2020 allowing employers to make contributions of up to $5,250 toward their employees’ student loans on a tax-free basis, employers and employees alike were grateful for the […]

Employee Benefits Financial Wellness Retirement

Innovative Benefit: Student Loan Repayment

Jenny Gartman, CEBS

08 Dec 201519 Jul 2016

When you think of student loan debt, you likely think of the financial stress on your youngest employees. While much focus has been on millennials, student loan debt impacts all generations and can have a long-term impact on retirement security. Some employers […]