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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 part of a series of tweets on Friday morning, President Donald Trump said that the government would be partially shut down for a "very long time" if the Senate does not vote in favor of a spending bill that allocates billion for a border wall with Mexico."The Democrats, whose votes we need in the Senate, will probably vote against Border Security and the Wall even though they know it is DESPERATELY NEEDED. If the Dems vote no, there will be a shutdown that will last for a very long time. People don’t want Open Borders and Crime!" Trump tweeted.The lame duck Republican-controlled House of Representatives approved a spending bill on Thursday evening that fully funds Trump's border wall. The vote passed 217-185 with no votes from Democrats. The bill is considered dead on arrival in the Senate, where the margin of Republicans to Democrats is currently 51-49. Sixty votes are needed to pass the spending bill.Trump also tweeted a call for the Senate to switched to the so-called "nuclear option": Changing the Senate rules to limit debate and allow budget laws to pass through the chamber with a simply majority as opposed to 60 votes.Senate Majority Leader Mitch McConnell has long been reluctant to deploy such an option for legislative options.The Senate passed a spending bill earlier this week that did not provide any funding for a border wall. After initially indicating he would sign the bill if it passed the House of Representatives, Trump backtracked on Thursday and announced he would only sign a bill the funded the government if it provided funds to build a border wall in its entirety.In a meeting with Democratic congressional leaders last week, President Trump took ownership of a potential government shutdown and 1757
At least 465 cases of measles have been reported in the United States since January 1, according to the latest numbers shared by the US Centers for Disease Control and Prevention on Monday.That's 78 more cases than the number reported last week and includes cases reported to the CDC by state health departments as of April 4.Florida, Indiana, Massachusetts and Nevada reported their first cases of measles this year, bringing the total number of states reporting cases to 19. The other states that have reported measles cases this year are Arizona, California, Colorado, Connecticut, Georgia, Illinois, Kentucky, Michigan, Missouri, New Hampshire, New Jersey, New York, Oregon, Texas and Washington.The total number of measles cases nationwide this year "is the second-greatest number of cases reported in the U.S. since measles was eliminated in 2000," the CDC says. That threshold was reached last week when the national total for the year surpassed last year's total of 372. The largest outbreak was in 2014, when there were 667 cases reported nationwide due to several large outbreaks.Measles is a highly contagious, vaccine-preventable respiratory illness characterized by a rash of flat red spots. Symptoms may include fever, cough, runny nose and watery eyes.As of Thursday, 17 cases were reported in 1321
Bette Midler is again being accused of posting a racist tweet.The legendary singer and actress is well known for being a critic of President Donald Trump.On Wednesday she tweeted an image showing a group of black people seen in the crowd at a Trump rally."Look, there are African American men in this shot!," Midler tweeted. "How much did he pay them to be "blackground"?"The tweet drew backlash -- especially from the right."This is one of the most racist, degrading 'jokes' I've seen on Twitter & that's saying a lot," actress Kirstie Alley tweeted. "We get it Bette, you hate Trump & that's your right but to imply Black men have to be PAID to celebrate their OWN political views is pure and REAL racism. And "BLACKGROUND"?? WTF??!!"CNN has reached out to reps for Midler for comment.In October, Midler was slammed for tweeting "Women, are the n-word of the world. Raped, beaten, enslaved, married off, worked like dumb animals; denied education and inheritance; enduring the pain and danger of childbirth and life IN SILENCE for THOUSANDS of years They are the most disrespected creatures on earth."The tweet was deleted and she apologized, tweeting "The too brief investigation of allegations against (Brett) Kavanaugh infuriated me.""Angrily I tweeted w/o thinking my choice of words would be enraging to black women who doubly suffer, both by being women and by being black," Midler wrote. "I am an ally and stand with you; always have. And I apologize." 1481
CAIRO — Egypt's state TV says the country's former President Hosni Mubarak, ousted in the 2011 Arab Spring uprising, has died at 91. The TV says Mubarak died at a Cairo hospital where he had recently undergone surgery. The report said he had health complications but offered no other details. Mubarak, who was in power for almost three decades, was forced to resign on Feb. 11, 2011, after following 18 days of protests around the country. The Arab Spring uprisings had convulsed autocratic regimes across the Middle East. Mubarak ruled for nearly 30 years and was the resolute face of stability in the region before being forced out by the military. 662