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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
AURORA, Colo. – One of the deans of instruction at Aurora West College Preparatory Academy was arrested Thursday on suspicion of carrying a weapon on school grounds and carrying a concealed weapon.Tushar Rae, 30, was still jailed in Denver Thursday afternoon on a 0,000 bond following his arrest stemming from the case out of Arapahoe County, according to court records.Carrying a weapon on school grounds is a class 6 felony while carrying a concealed weapon is a class 2 misdemeanor in Colorado.According to an informed source with knowledge of the investigation, arresting documents detail a tense confrontation between the school's principal and Rae before his arrest.The documents show Principal Taisiya “Taya” Tselolikhina received a text at around 2 p.m. Wednesday from Rae, telling her to “meet in the office” after the dean of instruction didn’t show up to school the whole day and didn't inform anyone he was going to be absent.Once in the office, Rae reportedly placed a gun on a counter and said, “Try and f—k with me. You shouldn’t have said what you said. I don’t want to hurt you. I’m going to hurt all the people around you.”The documents also stated Rae then said he was going to “shoot the kneecaps off two other people” before asking the principal what she was going to do about it."I came prepared,” Rae allegedly told Tselolikhina before he patted his pocket adding that “he had two extra rounds.”The arresting documents show Rae then told the principal to walk away or he would “shoot the next person outside the door.”The documents then state two students were outside the office and the school was placed on lockdown.Aurora police tweeted Wednesday that West Middle School was on lockdown because of a threat of an armed party in the area. The department later tweeted that a suspect was taken into custody by Denver police.But communications made to parents following the incident tell a different story about the lockdown.A call from the principal made to parents on Wednesday stated that Aurora Public School officials and Aurora Police Department investigated a possible threat at the school and that “there were rumors of an armed individual in the area” – hours after the district, school administrators and the school principal were all well aware Rae was on campus allegedly armed with a gun and reportedly making threats.A second call from the school on Thursday afternoon stated that after school officials learned about the allegations, “we promptly placed the employee on administrative leave."Rae, who remains is jail, is not allowed on school grounds pending the outcome of the criminal investigation. 2654
As time expired in a major college basketball rivalry game between Kansas and Kansas State, a bench-clearing brawl ensued between the two squads, forcing fans to take cover. In video provided by ESPN, the incident started when a Kansas basketball player went up to block the shot of a Kansas State player as time expired. While there was some contact between players on the play, the contact was appeared relatively minor. With the Kansas State player on the court, players from both teams came rushing under the hoop. Players and other team personnel then exchanged punches and shoves. The incident died out after 45 seconds as coaches, referees and police officers worked to separate the two squads. Kansas won the game 81-59. Video of the incident can be seen below. Benches emptied at the end of the Kansas State-Kansas game. 842
Authorities are warning parents about a new social media challenge that is sparking more than concern — it's sparking fires.Massachusetts State Fire Marshal Peter Ostroskey 190
BROOKFIELD, Ill. – A Chicago-area zoo is mourning the death of a 14-year-old lioness that died less than two weeks after her mate was euthanized due to age-related issues. The Chicago Zoological Society says the female African lion, named Isis, was found lying on the floor of a moat in her Brookfield Zoo habitat on Monday. Officials say it appears that Isis somehow fell. Despite immediate and intensive treatment provided by veterinary staff, the lioness suffered significant injuries and the difficult decision was made to euthanize her on Tuesday.“The safety and well-being of the animals in our care is our utmost priority,” said Bill Zeigler, senior vice president of animal programs. “Although it is unclear what caused her fall, we are reviewing all aspects of this tragic occurrence.”Both Isis and her mate, Zenda, arrived at the zoo in May 2008. They often were seen grooming each other and sleeping together, officials say. “Isis and her mate were majestic animals who had a strong bond. The staff, who dedicated their lives to care for these charismatic lions, are heartbroken by their loss,” added Zeigler. 1132