student loans Archives - Word on Benefits

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

Anne Newhouse

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) […]

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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SECURE 2.0 Act: A Breakdown of Ten Big Implications for Employers

Anne Patterson

31 Jan 202310 Mar 2023

The SECURE 2.0 Act was included in a 4,155-page omnibus spending bill that passed on December 23 when President Biden signed it into law. We broke down the law in the latest Talking Benefits podcast episode, focusing on major implications for plan […]

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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

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 […]

Coronavirus (COVID-19) Employee Benefits

CARES Act Expands Student Loan Benefits for 2020

Amanda Wilke

08 Jun 202012 Aug 2021

Update: CAA of 2021 extended these provisions through 2025. For the past few years, employers have been grappling with different ways to provide student loan assistance to employees. Before January 1, 2021, employers can make contributions toward their employees’ student loans on […]

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Student Loan Repayment Benefits—Crunching the Numbers

Jenny Gartman, CEBS

17 Nov 2016

As an information specialist, I enjoy tracking employee benefits in the news. Last December I wrote a blog post exploring how student loans impact all generations in the workforce. Since then, I’ve consistently seen mainstream media coverage of companies launching student loan […]