student loan repayment Archives

Student Loan Repayment and Financial Wellness Benefits: What’s New?

Anne Newhouse, CEBS

19 Mar 202426 Mar 2024

Student loan repayment has been more top-of-mind in recent weeks with President Biden’s announcement on February 21, 2024. The Department of Education emailed 153,000 borrowers that student loans were being discharged for those enrolled in the Saving on a Valuable Education (SAVE) […]

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Matching Contributions for Qualified Student Loan Payments Under SECURE Act 2.0

Jenny Gartman, CEBS

31 Aug 202331 Aug 2023

With the federal student loan debt relief plan ruled unconstitutional by the Supreme Court, more employers are expected to consider offering student loan repayment benefits (covered in Part 1) or retirement plan matching under the SECURE Act 2.0 of 2022. The optional […]

401(k) Plans Employee Benefits Financial Education Financial Education (U.S.) Financial Wellness SECURE 2.0

Student Loan Repayment Benefits: What Are The Options Now?

Jenny Gartman, CEBS

22 Aug 202322 Aug 2023

With the federal student loan relief plan ruled unconstitutional by the Supreme Court, more employers are expected to consider offering student loan repayment benefits (loan paydown) or 401(k)/403(b) matching under the SECURE Act 2.0 of 2022. Federal student loan payments resume in […]

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Education Benefits for Recruiting and Building Talent

Anne Patterson

22 Mar 202322 Mar 2023

Could education benefits help your organization recruit and retain talent? Tune into the latest Talking Benefits episode to get “schooled” on the various options available to employers in this area. The episode covers: Give it a listen to find out how your […]

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Employee Attraction and Retention Through Voluntary Benefits

Justin Held, CEBS

21 Feb 202310 Mar 2023

From traditional benefits like life insurance and vision care to trendier offerings such as insurance to cover pets or protect against identity theft, voluntary benefits can serve as a cost-effective method to attract and retain workers. Voluntary benefits are administered by the […]

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SECURE Act 2.0—How Will It Impact Your Plan?

Anne Newhouse, CEBS

07 Feb 202310 Mar 2023

In the month since the SECURE Act 2.0 became law, retirement plan experts have been fast at work studying and researching the pages of provisions so that plan sponsors understand the requirements that will affect their plans. On January 24, 2023, Steven […]

Education Employee Benefits Financial Education Financial Wellness Human Resources (HR) U.S.

Are Employers Revisiting Student Loan Repayment Strategies Now?

Anne Patterson

02 Dec 202202 Dec 2022

On December 1, 2022, the U.S. Supreme Court announced that it will hear arguments about President Biden’s student loan relief program in February 2023 and blocked rollout of the program until then. Continuing to offer or adding student loan repayment programs would […]

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Three Back-to-School Opportunities for Employers

Cara McMullin

11 Aug 202211 Aug 2022

Ahhhh, the smell of fresh folders, pencils sharpened to perfection and the crack of that first marker opening . . . Oh, is it just me that gets excited about new school supplies?! August means back-to-school preparations for many—and getting into the […]

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, CEBS

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 […]