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Tax-Free Student Loan Contribution is a Major Win for U.S. Employers and Employees

Last week, congress passed the Consolidated Appropriations Act in response to the Covid-19 crisis. The bill extends a provision that allows employers to make tax-free contributions to employee student debt for the next five years.

CommonBond Staff

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January 12, 2021

The Employer Participation in Repayment Act: FAQ

We believe that employer student loan repayment should be tax-free. To help share more information about this bill and the impact it would have on solving the student debt crisis, we've put together this handy FAQ.

CommonBond Staff

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March 26, 2019

How human resources managers can make discussions about student loans easier for employees

According to a recent Forbes article, student loan debt is second only to mortgages in categories of U.S. consumer debt by amount—making it greater than both the credit card and auto loan categories. Graduates in the class of 2016 had an average of $37,172 in student loan debt.

Halona Black

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October 17, 2018

The "New 401(k)" During Tax Season

Nearly half of borrowers say they would prefer student loan repayment benefits over a 401(k) plan. But student loan repayment benefits haven't caught on as much as 401(k)s just yet. Here's why.

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December 5, 2017

From Harvard to CommonBond: How I'm Helping Solve the Student Debt Crisis

"People who supposedly had so many doors open to them were choosing not to walk through the ones they wanted because of their student debt. These decisions weren't resulting in just a delay of pursuing one's dream: student loans were changing entire life trajectories."

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February 15, 2018

Student Loan Benefits, Demystified: Your Guide to Creating a Better Company Culture

Here's how instituting a suite of student loan benefits at your company can help everyone.

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March 28, 2018

How to Alleviate Your Employees' Financial Anxiety

How money affects anxiety, and how employers can help their employees deal with it.

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April 18, 2018

What We Saw at TCB's 2018 Employee Healthcare Conferences

At TCB's Employee Healthcare Conferences, the future of benefits was on display.

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April 24, 2018

CommonBond Survey Reveals the "Missing Benefit" in Financial Wellness

CommonBond's new study shows how student loan benefits are crucial to financial wellness.

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May 1, 2018

How the Tech Industry Can Address Student Debt

CommonBond's survey offers an inside look on how the tech industry is dealing with student debt.

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May 9, 2018

Interview: Heap and CommonBond Executives on Startups Offering Student Loan Repayment Benefits

Executives at Heap and CommonBond offer insight into implementing student loan benefits.

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May 11, 2018

How Top Finance, Insurance, and Professional Services Executives Are Improving their Benefits Programs

Here's how student loan benefits can be game-changing in the finance, insurance, and professional services industry.

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May 15, 2018

Interview: How the PURE Group Is Helping Their Employees Tackle Student Debt

The PURE Group's Joanna Stein-Weiner describes how student loan benefits have made a difference to the company.

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May 23, 2018

Where Student Loan Benefits Are Needed Most—Healthcare

There is a specific need for student loan benefits in the healthcare and pharmaceuticals industry.

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May 24, 2018

The U.S. Is in a student debt crisis. Employers can help fix it.

In a struggle to keep up with the rising costs, students are borrowing more in college loans than ever before, leaving many graduates and their families buried in debt post-graduation.

Leigh Gross

·

June 13, 2018

Retail employees need student loan benefits, but companies have been slow to act

Overall, the retail industry is greatly affected by student debt: 49 percent of retail employees CommonBond surveyed carry student debt, which puts it second place out of all industries surveyed (behind only the tech industry).

Scott Fried

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June 18, 2018

Research Shows Automotive and Manufacturing Employees Want Student Loan Benefits

Employees with student debt in the automotive and manufacturing industry are in special need of benefits addressing it.

Scott Fried

·

June 29, 2018

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