student loans Archives

Secure 2.0 may help student borrowers more with loans than with retirement.

A scale with a graduation cap, book, and diploma on one side balancing with rolled U.S. currency notes on the other, symbolizing education versus monetary value.

New NBER/PRC study shows SECURE 2.0 rule letting firms match student loan payments with retirement contributions boosts loan repayment and builds retirement savings. Wharton Prof. Olivia S. Mitchell predicts the program to be attractive for higher-skilled.…Read More

When Tested, Most Students Lack Financial Literacy, New Study Finds

A graduate wearing a cap and gown holds a diploma with sunlight filtering through trees in the background, symbolizing achievement and new beginnings.

Only 14.5% of undergraduates surveyed were proficient on a basic financial literacy test, revealing the pressing need for schools to prioritize/enhance financial education! Fortunately, Federal Reserve employees fared better, as reported here.…Read More

Employers can offer a new benefit: Matching student loan payments with 401(k) contributions

A notebook with "Student Loan" written on it, accompanied by drawings of a graduation cap and a money bag. Office supplies, like binder clips and highlighters, are nearby.

Some firms are making matching 401(k) contributions when employees repay student loans, notes Prof. Olivia S. Mitchell’s research spotlighting the boost to pre-retirement spending and debt-free retirement. Read the Marketplace discussion here. …Read More