Student loan borrowers hold a collective $1.6 trillion in debt. While the debt, at one point, was a tool used to afford a college degree, many borrowers find it harder than previously expected to pay back the money. Student loan debt has become such an issue that the Biden Administration has been attempting to cancel up to $20,000 in student debt per eligible borrower and has continually extended the student loan repayment pause.
While borrowers may not see federal relief just yet, they might still be able to get some sort of help managing the burden of their loans through their employers. Employees spend so much of their time in the workplace, which has already taken steps to assist employees with other aspects of their financial heal…
Read the full article at: https://www.cnbc.com/select/how-employers-can-help-employees-manage-student-loan-debt/