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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
Barbara Ebel spent each Friday working at this desk as a volunteer at Cincinnati Museum Center's Geier Collections and Research Center in Queensgate. 161
As Puerto Rico prepares for a direct strike from Tropical Storm Dorian on Wednesday, the east coast of Florida could see Dorian make landfall as a hurricane this weekend. According to the forecast track published by the National Hurricane Center late on Tuesday, Dorian is expected to come ashore Sunday night as a hurricane, possibly along the Florida east coast. The coast of Georgia is also in the path of Dorian. Before Dorian reaches the continental U.S., it will pass by Puerto Rico on Wednesday. As of late Tuesday, Puerto Rico is under a tropical storm warning and hurricane watch.Heavy rain is expected for all of Puerto Rico, with some areas receiving 8 inches of rain on Wednesday. The National Hurricane Center warns that flash flooding could occur in Puerto Rico. What Dorian does after passing Puerto Rico is somewhat of a mystery. While Dorian likely will weaken slightly due to land interaction with Puerto Rico, there are questions of how strong Dorian will be before it reaches the U.S. The National Hurricane Center said its forecast is more conservative than some of the forecast models, noting that the models have been inconsistent on forecasting Dorian's intensity. 1200
Bruce, Team Warren, and I are sending all our best wishes for a speedy recovery to @BernieSanders. I hope to see my friend back on the campaign trail very soon.— Elizabeth Warren (@ewarren) October 2, 2019 217
As Robert Mueller exits stage left, the Justice Department will continue to pursue a handful of investigations — and potentially more prosecutions — that began with or were bolstered by the special counsel's work. And a significant group of them still focus around President Donald Trump.The still-live investigations range from an expansive probe into the Trump inaugural committee, to various investigations relating to former top Trump campaign officials Paul Manafort and Rick Gates, to tips that stemmed from Trump personal attorney Michael Cohen's experience with Trump and his family's company. It's possible other investigations are being conducted quietly, as well.In all, Mueller leaves behind a mess of prosecutors in federal and state government still collecting documents, interviewing witnesses and prosecuting cases that may keep Trump's family and associates on edge for months.Much of the apparent action so far has been out of the powerful, insular US Attorney's Office in Manhattan. The Southern District of New York office is already looking into donations and expenditures of the Trump inaugural, into the Trump Organization, into allegations from Cohen related to campaign finance and a possible suggested pardon. They're also investigating well-known US lobbyists who worked for Ukraine.Prosecutors from state and local offices and other federal prosecutor offices are also getting involved in the sprawling set of cases.The inaugural investigationFederal prosecutors from the Southern District of New York in February sent a wide-ranging subpoena to the Trump inaugural committee, marking a major step in what could be a devastating probe in Trump's political world.The Manhattan-based prosecutors were seeking virtually every piece of documentation related to the inaugural's donors, vendors and finances.The subpoena, which was signed by Manhattan US Attorney Geoffrey Berman, disclosed that prosecutors are investigating a broad array of potential crimes related to the inauguration's business conduct: conspiracy against the US, false statements, mail fraud, wire fraud, money laundering, inaugural committee disclosure violations and violations of laws prohibiting contributions by foreign nations and contributions in the name of another person, also known as straw donors.The subpoena also specifically sought information on a donor named Imaad Zuberi and his investment firm, Avenue Ventures LLC, which donated 0,000 to the inaugural fund, according to Federal Election Commission records.State attorneys general in New Jersey and DC are looking into the inaugural as well.Michael Cohen mattersAt the same time, Cohen, the President's former personal attorney, has dangled allegations publicly against Trump, his company and others. One of those allegations may lead to an obstruction inquiry, after Cohen disclosed emails that he contends suggest the possibility of a presidential pardon as Cohen considered cutting a deal with prosecutors regarding his own legal troubles.Attorney Robert Costello, who sent the emails, 3068