Displaying 40 results
Biden takes another $7.4B step in fight to tame student debt
The latest move covers almost 280,000 borrowers in the SAVE, income-driven replacement, and public service loan forgiveness programs.
Doctors and nurses staggered by impact of student loan payments
Faced with high student-debt-to-income ratios, health care professionals are having to reset their financial priorities.
Betterment at Work offers student-loan matching in 401(k)s
The product arrives as a provision of the SECURE 2.0 Act goes into effect that makes workers' qualified student loan repayments eligible for 401(k) matching contributions from their employers.
Would you like your 401(k) with a side of emergency savings?
The Secure 2.0 Act will let employers add emergency accounts for workers next year, and fintechs are gearing up.
Almost half of student loan debtors want more help to ease ‘national crisis’
Even among those without outstanding education borrowing, a sizable share say it's a crisis.
How the end of the student loan pause could affect retirement saving
Next year, more employers will start offering 401(k) matches for workers who don't contribute but are paying down loans.
Promises of student debt forgiveness put advisers in uncharted territory
The moving target of potential debt forgiveness, coupled with an extended payment moratorium, has advisers reading the political tea leaves for direction.
Distressed student debt becomes an attractive income stream for wealthy investors
Refinanced student loans could offer investors an alternative source of income and get delinquent loans off the books.
Pandemic likely to have lasting effect on workplace benefits, survey shows
A third of people say they would quit rather than have to return to an office, a recent survey found.
Biden’s student-loan reprieve eases $1.6 trillion worry, for now
Student loans have been the fastest-growing debt category in the U.S. over the past decade
That student loan crisis is about to get real, again
Federal student loan borrowers have been clear that they are in no shape to start making payments again.
Fidelity, MassMutual point to student-loan perks for workers
Fidelity is increasing its limit for student loan contributions for its employees, and MassMutual is letting people apply vacation time to payments.
Tax perks nudging employers to help pay workers’ student loans
Most employers have tuition-reimbursement budgets, though they hardly spend them. Those budgets instead could go to student loans.
Sharing the student debt load
The freeze on student loans has been a financial lifeline for many. That hasn’t been lost on employers, who are juicing up benefits.
Senate bill would allow 401(k) match for student loan payments
The proposal would enable Americans to build retirement savings while repaying their student debt even if they can't afford to make their own contributions to a 401(k) plan.
How the end of Libor might affect your clients
Now is a good time to tell clients to double-check all their loan documents and credit card statements to see if they have any Libor-linked debt.
Millennials still lag in wealth accumulation, study finds
This generation's longevity, combined with the fact that they'll get less support from Social Security, poses a retirement income problem.
Student loan debt linked to lower 401(k) balances
Across age, income and education levels, people who are still paying down college debt on average had much smaller defined-contribution plan balances and in some cases were less likely to own a home, according to a study from the Employee Benefit Research Group.
Wells Fargo to sell student loan book to Apollo, Blackstone
The sale is part of CEO Charlie Scharf's effort to focus the bank on key businesses
Student loan borrowers worse off now than in the spring, survey finds
More than half of borrowers surveyed claim poor or very poor financial wellness
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