How Student Loan Debt Can Impact Your Life [LendEDU]

by Joe Kwasniewski | Nov 6, 2023 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Human Resources, Student Loan Assistance, Student Loan Balance, Student Loan Debt, Student Loan Repayment, Winning Together

As we round out 2023, student debt is playing a much bigger role than it did in years past in the lives nearly 50 million Americans. Today, the average borrower owes right around $30,000 toward their student loans, and this number will only continue to grow year by...

Here’s A Winning Strategy For Hiring Early Talent: Help Them With Their Student Loans [Forbes]

by Joe Kwasniewski | Oct 30, 2023 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Financial Planning, Financial Wellbeing, Human Resources, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Debt, Winning Together, Workplace diversity

As employers continue to navigate the post-pandemic era, a new normal is setting in for student debt holders as payments resume in October. The end of pandemic-related forbearance doesn’t generate a net new monthly expense for most borrowers, but it certainly...

The CFOs at Nvidia and Estée Lauder say helping employees pay off student loans is vital. Here’s how they’re doing it [Yahoo! Finance]

by Joe Kwasniewski | Oct 15, 2023 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Press Room, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Debt, Winning Together

Yahoo Finance has reported that CFO’s from top employers like Estée Lauder and Nvidia are speaking about Student Loan Assistance being a vital benefit for organizational success. The article began by highlighting the recent survey from the Society of Human...

Think twice before paying someone to help you (or your employees) apply for loan forgiveness

by Joe Kwasniewski | Sep 8, 2023 | Benefits, Decisions, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Student Loan Assistance, Student Loan Repayment

Loan forgiveness through government programs has, and always will remain a hot topic in the media. Specifically, Public Service Loan Forgiveness (PSLF). This program is handled by the the department of education and borrowers may only apply at studentaid.gov. Once...

[The Wall Street Journal] Student Loan Borrowers Face Repayment Soon. CFOs Are Watching to See if Spending Takes a Hit.

by Joe Kwasniewski | Sep 5, 2023 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Human Resources, Program Management, Student Loan Assistance, Student Loan Debt, Winning Together

A recent article from The Wall Street Journal analyzed the resumption of federal student loan payments alongside other spending trends. It highlighted that these payments will likely significantly impact spending nationwide as gas prices and typical grocery bills...

[PYMNTS] Businesses Offering Student Loan Help to Gain Recruitment Edge

by Joe Kwasniewski | Sep 1, 2023 | Benefits, Decisions, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Finding Talent, Human Resources, Recruiting, Student Loan Assistance, Student Loan Debt, Student Loan Repayment

In a recent article from PYMNTS, Student Loan Repayment was highlighted as a unique way for employers to attract talent. It was cited that nearly 70% of college graduates believe their student debt will influence career choices. It also highlights the fact that 3x...