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BOSTON, Mass. – The average college graduate has roughly ,000 in student loan debt, which means they are shelling out roughly 0 a month towards student loan repayment. Around 44 million Americans are in this situation and now some are getting help from their employers.“My undergrad is in marketing, I also got my masters just a general MBA as well,” said 31-year-old Eliza Baseau in Boston. “I graduated with 0,000 in student loan debt. It’s startling.”Badeau left college paying, monthly, as much towards student loans as rent in Boston. “Making those payments was insane,” added Badeau. However, a few years after working at Fidelity Investments, the company announced it was rolling out a new workplace perk that would give its employees extra money toward repaying their student loan debt.“Oh my gosh. It was overwhelming in a positive way,” said Badeau, “So, they asked if I could help pilot it and I was like absolutely ‘why not’ why am I not going to do that, right?”Fidelity began giving her and other employees up to 6 a month toward her student loan repayment, with a ,000 lifetime cap. For Badeau, that was almost 20 percent of her monthly student loan bill, and it will equate to paying almost 20 percent of her overall student loan debt. “In the beginning it was something for me where I didn’t see a future in buying a home, I didn’t see a future in starting a family because I couldn’t even fathom getting married or paying for a wedding or having children while battling this debt,” said Badeau, “So now it’s something where that is an option for me.”A growing number of companies are offering similar help to staff stressed and saddled with student loan debt, in part, because these employers are seeing it’s actually benefiting them too.“What we have seen is that it is actually contributing to a reduction in turnover of over 70 percent,” said Asha Shrikantiah.Shrikantiah heads Fidelity’s student loan debt program and has seen it be so successful, internally at increasing employee loyalty and productivity, that the company has taken it external.“We now have an entire benefit’s business around helping people all across the country with standing up employer sponsored benefits for student debt.”Fidelity has helped almost a hundred other companies roll out some form of monthly student loan repayment assistance. That has brought the number to a total of about 8 percent of companies across the country that now offer this new benefit. Over the next five years, that is expected to grow to 20 percent, according to the Society of Human Resources Management. Eventually, student loan repayment assistance could be as common of a workplace perk as 401ks. “Honestly I think there will be no choice. I think just seeing the wave of the generations coming in burdened by the student debt,” said Badeau. “Saving for retirement is a great benefit but right up in there is dealing with your current debt.”Not every company that offers student loan repayment offers it in the same way. Some companies, like Fidelity, will pay their contribution directly to your servicer. Others will match all or a portion of what you pay in monthly student loans to your 401k or other retirement plan. There is quite a variety of ways companies are offering this benefit. Most of the variety comes from companies trying to work this new benefit in, while navigating around tax codes that hinder the amount and way the company can offer student loan repayment assistance.H.R. 1043 is a bill that was introduced in 2019 that would let employers give tax-free student loan assistance up to ,250 a year per employee. Should that bill pass, student loan repayment assistance could be streamlined at most companies that offer it, and even more employers would likely jump on board with the new workplace perk. 3832
ASHLAND COUNTY, Ohio — Talk about a gruff break. When an Ohio homeowner noticed someone broke into her home last week, she never expected to find 158
Authorities are investigating after a 12-year-old boy died after being struck by a school bus in Goodyear, Arizona, on Friday.Goodyear fire officials said the crash happened around 4 p.m. outside of Western Sky Middle School.Police say the boy was rushed to a pediatric trauma hospital in extremely critical condition, but later died from his injuries.Information about what led up to the crash was not immediately available.The driver remained at the scene and was cooperating with investigators, police said.Police say there were students on the bus at the time of the crash. No other injuries are suspected. 622
As the novel coronavirus spreads throughout the United States, feeling under the weather suddenly comes with more concerning questions: Do I have COVID-19? Should I get tested for the virus? Should I be quarantined?First, if you're feeling under the weather, you should take note of your symptoms. According to the 327
An Iranian beauty queen who has spent almost two weeks inside Manila's international airport says she will be killed if she is sent back home and is seeking asylum in the Philippines.Bahareh Zare Bahari, a contestant in the recent Miss Intercontinental pageant in Manila, claims Tehran is attempting to silence her because of her public stand against the government.In a press release last week, the Philippines Immigration Department said the international police agency Interpol issued a worldwide request to arrest Bahari, known as a red notice. The statement did not specify which country requested the red notice, but Bahari told CNN that an immigration official told her Iran requested one in 2018."I have been living here since 2014 and I've not gone back to Iran. I explained to them many times, how can I have a criminal case in Iran when I've been living here?" she told CNN by phone.Bahari said she has been confined to a passenger room in Terminal 3 of Manila's Ninoy Aquino International Airport since she arrived from Dubai 12 days ago. "I'm really mentally sick," she said, adding that the uncertainty over her case is wearing her down.Bahari believes she is being targeted for supporting the exiled Reza Pahlavi, the son of the Shah of Iran overthrown in the country's 1979 revolution.The beauty queen blamed the situation on Iranian authorities, saying it came up because she used an image of Pahlavi and the flag of the former Iranian monarchy as props during a recent competition. Bahari said she made the statement "to try and be the voice of my people."She also believes she may be targeted because of her social activism in Iran. Bahari said that she became a teacher there because she wanted girls to learn "they are not things, they are not toys, they are human and they have same right as boys."The Philippines Department of Immigration and Department of Justice have not responded to CNN's request for comment. Requests for comment made to the Iranian embassy in Manila and the Iranian government in Tehran have not been answered.Bahari said she moved to the Philippines about five years ago to study dentistry and has since been on a student visa that renews annually. She said her existing visa is valid until January 2020.She told CNN by phone from the airport terminal that she was denied entry when she returned to the Philippines on October 17 from a trip to the Middle East, upon which she claimed asylum.Bahari said that if a legitimate red notice had been issued for her arrest, then she would not have been able to acquire other visas for her trip to the Middle East.In its statement, Philippines immigration authorities said Bahari was also accused of assault and battery in the Philippines city of Dagupan. The statement did not say whether this was the reason a red notice had been issued, or if the complaint originated in Iran. Not all red notices are made publicly available due to the confidential nature of international criminal investigations. Interpol's press office said the agency does not comment on specific cases or individuals "except in special circumstances and with the approval of the member country concerned."Asked about the assault allegations, Bahari said they were "a big lie" and designed to force her back to Iran. She said there were no pending cases against her in the Philippines.Human Rights Watch deputy director Phil Robertson said in a statement that "there have been repeated incidents where rights repressing states in the Middle East have abused the (Interpol) process to try to force the return of dissidents overseas."He said the organization was concerned about the "mysterious" red notice, "especially since under Interpol rules a red notice is null and void if the person named in the notice is found to be a refugee fleeing from the state that issued it."Dramatic scenes at immigrationBahari said she was returning from Dubai earlier this month when immigration authorities in Manila stopped her from entering the country. What exactly happened next is contested, but both Bahari and immigration authorities describe a tense, dramatic standoff.The pageant contestant told CNN that when she was first denied entry she was taken to a room where officials explained there was issue with her visa. After a brief wait, she was told she had to return to Iran. She said she then called a nearby friend for help.Bahari said airport authorities tried to convince her to take a flight back to Iran. Instead she sat on the floor and told them she wasn't going anywhere.She said she feared they would force her to get up, so she started shouting. About 10 minutes later, her friend came in and tried to convince airport authorities that she would be jailed or killed if they returned her to Iran. The friend then began crying and shouting, Bahari said, before he was arrested.The Bureau of Immigration said the friend was "unruly" and breached airport security in order to "fetch his compatriot.""Foreign nationals should respect our laws when they are in our country. Improper behavior and derogatory remarks gave the officer further reason to deny Zare Bahari's entry," Immigration Commissioner Jaime Morente said in a statement.Authorities accused both of "causing a scene," saying they had to be forced apart by airport authorities. The Immigration Bureau also alleged that Bahari shouted "Jesus kill you all Filipinos!"Bahari said she was yelling because she was trying to get the attention of people due to fears that she would be sent back to Iran. She thought invoking Jesus' name would get people's attention, as many people in the country are devout Catholics. 5650