Tag - FutureFuel.io

These Startups Want To Help Students Better Manage Their School Debt

The Federal Reserve estimates $1.7 trillion in U.S. student loan debt. Students, on average, graduate with $29,000 of private and federal loan debt and default on their loans at a rate of 15 percent. Startups in this space are developing technology to target both private and federal loan debt in areas, such as responsible lending, loan management and refinancing, as well as make it easier for employers to create benefits that aid employees with their loan repayments. Two years […]

How Student Loan Borrowers Could Save Under Biden’s COVID-19 Relief Bill

Student loan forgiveness is going to be tax-free. It’s a new provision included in the $1.9 trillion stimulus package that President Biden signed into law Thursday — and a big deal for federal student loan borrowers because, currently, any student loan debt canceled by the government is treated as income and can be taxed…

“It’s a massive relief,” says Laurel Taylor, CEO and founder of FutureFuel.io, a student debt repayment platform. “That’s so important, because I don’t think I’ve spoken […]

Women leading wealthtech’s evolution

CEOs and other women in the fintech C-suite are spearheading the sector’s progression and paving pathways for gender equity…Startup’s like FutureFuel.io, a digital-driven student debt tracker, were created by Founder and CEO Laurel Taylor to address the multiple factors, such as the gender wage gap, that creates more difficulty for women to pay down student debt.  Read more >>

FutureFuel.io Raises $10 Million Series A1 Round From the Investment Arms of Established Financial Services Entities Led by UBS

FutureFuel.io, a student loan repayment platform that helps borrowers pay down debt quickly and efficiently, today announced a $10 million Series A1 round, bringing its total Series A funding to $21.6M. This latest round was led by UBS, the world’s leading global wealth management firm, with additional participation from the investing arms of established technology, financial services, and insurance leaders, including new investor Aflac Ventures, and existing investors Fiserv, and Salesforce Ventures. Read more >>

A potential game changer for student loan debt: The Employer Participation in Repayment Act

Written by Laurel Taylor, CEO and Founder of FutureFuel.io.

The $900 billion Coronavirus Relief package is slated to bring much needed financial relief to Americans devastated by the COVID-19 pandemic. Within the relief package there is a transformative provision that will have far-reaching implications for the tens of millions of Americans burdened by student debt. It has the potential to slash the total student debt burden by one-third over the next decade. Read more >>

Congress Extends Student Loan Repayment Provision to 2025

Employers will be allowed to make tax-free contributions of up to $5,250 per employee annually toward eligible education expenses, including tuition or student loan assistance. The passage this week of the stimulus bill approved by Congress preserves the tax-free status of employer payments toward employee student loans through 2025, a marked difference from the year-end expiration date included in the Coronavirus Aid, Relief and Economic Security (CARES) Act…

The CARES Act’s semi-permanent status meant fewer employers were willing […]

What Happens When Student Loan Payment Deferral Ends?

The Coronavirus Aid, Relief and Economic Security (CARES) Act included two provisions that were critical to helping Americans with student loan debt. One allowed borrowers to suspend payments through September 30, and that relief was later extended to December 31. Laurel Taylor, founder and CEO of FutureFuel.io, a company that supports student loan borrowers, explains that the payment suspension in the CARES Act allowed anyone who had a federal student loan to get a reprieve. Borrowers could pause their […]

UBS Workplace Wealth Solutions Expands to Provide Corporate Clients With Student Loan Debt, Retirement and Broader Financial Wellness Tools for Their Employees- Including Futurefuel.io

UBS Global Wealth Management has announced its enhanced UBS Workplace Wealth Solutions offering with updated, personalized digital capabilities to address its corporate clients’ employees financial wellness concerns to help expand their employees’ understanding of their personal finances…

UBS is collaborating with FutureFuel.io, a platform that empowers the employees of its corporate clients, to manage student debt through its programmatic approach. Read more >>