36% of US millennials say student loan debt limits home ownership [Insider]

by Vishuka Mathur | Aug 22, 2022 | Benefits, Employee Benefits, Financial Wellbeing, Retaining Talent, Student Loan Assistance, Student Loan Debt, Student Loan Repayment

Millennials today owe an average of $38,877 in student loan debt, according to an Experian consumer debt study. According to a new survey conducted by Legal & General, over one third of millennials in the US say they feel locked out of their quest to save for a...

Guidelines for student loan assistance [NLR]

by Vishuka Mathur | Aug 3, 2022 | Employee Benefits, Financial Planning, Financial Wellbeing, Human Resources, Program Management, Student Loan Assistance, Student Loan Debt, Student Loan Repayment, Workplace diversity

The National Law Review (NLR) recently published its guidelines to help employers steer clear of legal obstacles some have encountered with student loan repayment and tuition reimbursement programs. The three key legal considerations for student loan assistance...

Student loan assistance is a worthwhile benefit to offer employees [HRD]

by Vishuka Mathur | Jul 19, 2022 | Benefits, Employee Benefits, Financial Wellbeing, Retaining Talent, Student Loan Assistance, Student Loan Debt, Winning Together

Jeanniey Walden, global chief innovation and marketing officer at DailyPay, recently spoke (Society for Human Resource Management) about how companies should help their employees keep more money in their pocket. Roughly 45 million Americans have federal student loan...

What types of loans qualify for student loan repayment?

by Tatum Pugh | Dec 15, 2021 | Decisions, FAQ, Plan Design, Qualified Loans, Student Loan Balance, Student Loan Debt, Student Loan Repayment

Curious to understand what types of loans qualify for student loan repayment? You’re in the right place.   What types of loans qualify when the company offers a tax-free plan? Federal and private student loans qualify for tax-free contributions under a...

It’s never too soon to prepare for graduation

by Tatum Pugh | Dec 20, 2019 | Student Loan Debt

Whether you’re a soon-to-be grad or an employer looking to hire new talent, it’s never too early to prepare for graduation season.  Statistically speaking, approximately 70% of college graduates have student loans. All things considered, now seems like a better time...

Peanut Butter CEO on WGN: The ripple effects of cancelling student debt

by Lynn Freimanis | Jun 27, 2019 | Student Loan Debt, Student Loan Repayment

This week, Peanut Butter CEO David Aronson was invited on WGN Radio’s The Opening Bell to speak on the issue of student loans and the potential economic impacts of cancelling trillions of dollars of U.S. student debt following Presidential Candidate Bernie...