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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
As two of the top three college football teams in the country get ready for a game with College Football Playoff implications, the University of Alabama is also preparing for a presidential visit. President Donald Trump is planning on attending Saturday's battle between No. 2 LSU and No. 3 Alabama. The visit will mark the third sporting event in two weeks that Trump has attended.In response, Alabama student government Jason Rothfarb vice president of Student Affairs said that students who are in reserved seating “that engage in disruptive behavior during the game will be removed from block seating instantly for the remainder of the season.” The contents of the letter were reported by 705
As unrest wavered through the United States on Saturday, one protest had a different way of protesting: Through dance. In Newark, New Jerseys, dozens of Black Lives Matter protesters joined in a dance of the famous dance song “Cupid Shuffle” on Saturday. The scene showed a stark difference from events taking place in other cities, many of which had looting and rioting on Saturday. Video of Saturday's dancing protest has gone viral, with more than 8 million views on Twitter by Sunday evening.Saturday's protest was one of many being held in major cities through the US in response to the death of George Floyd, who died while in police custody on Monday. The city’s police department called Saturday’s protest in Newark “peaceful.” The world needs to know about what happened in Newark today. A Black city, with a Black mayor (who marched with us), and many Black owned businesses. 100% peaceful demonstrations. Anger was allowed to be expressed in a healthy way and wasn’t met with force. 1006
By: Stephanie ButzerDENVER — After a massive manhunt along the Front Range and foothills west of Denver, Sol Pais was found dead by suicide Wednesday morning near the base of Mt. Evans, according to multiple high-ranking sources.The 245
As part of his opening statement in an impeachment inquiry hearing, Ambassador Gordon Sondland testified that President Donald Trump's personal lawyer directed a quid pro quo that Ukraine announce an investigation into Joe Biden's son or not be invited to the White House."Mr. Giuliani demanded that Ukraine make a public statement announcing the investigations of the 2016 election, DNC server, and Burisma," Sondland said.Sondland also testified that Giuliani was "expressing the desires" of Trump, and that his staff was aware that Trump had placed great importance on the investigations. Sondland's testimony comes just weeks after he dramatically 664