2022 Innovation Issue | Student Loan Debt
Student Loan Repayment
More plan sponsors expect to add an iteration of this benefit.
Reported by
Beth Braverman
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Benefits |
Defaults on Student Loans Reach Record High
The number of borrowers in default grew by about 4.2 million following the end of a COVID-19-era payment moratorium.
DOE Scales Back Lower Student Loan Limits for Several Degrees
The Department of Education’s tweak came in response to a district judge’s preliminary injunction staying its definition of ‘professional degree.’
DOE Increases Student Loan Autopay Interest Discount in Bid to Boost Repayment
The temporary incentive comes as borrowers navigate changes to the federal student loan system.
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