Tag: student loan debt

Exploring Employers’ Role in Easing Employees’ Financial Stress

By Tammy Binford, Contributing Editor Nov 8, 2023 Benefits and Compensation

Updated: Nov 8, 2023

It’s hard for employees to focus on work when financial worries are weighing them down. And statistics show that student loan debt is at the root of many workers’ troubles. The pandemic brought about a temporary reprieve in student loan payments, but interest began to accrue again in September, and payments are to resume in […]

HR Query: The Value of Offering Student Loan Repayment as a Benefit

By Bianca Herron, Editor, HR Daily Advisor Staff May 15, 2023 HR Query

Updated: May 15, 2023

Student loan borrowers are preparing to either resume payments or start making them for the first time since March 2020. Currently, federal student loan payments are scheduled to resume 60 days after June 30. That can change if the Supreme Court rules on President Joe Biden’s student debt forgiveness plan, in which case payments will […]