Tag - FutureFuel.io

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 >>

Managing Your Student Loan Payments During COVID-19

The COVID-19 pandemic has affected nearly every aspect of life on a global scale. As we are forced to observe varying degrees of shelter-in-place and phased reopenings, millions of Americans are out of work and searching for their next paycheck. If you find yourself in this situation and you have student loan debt, you might be worried about making payments. On the other hand, you may be fortunate enough to make your payments but aren’t sure where to start. […]

Employers Boost Use Of Digital Tools To Stamp Out Student Debt

The student debt crisis is something of a ticking time bomb, and employers are increasingly stepping up by offering digital tools to help diffuse the problem. A growing number of employers are partnering with digital platforms—such as BenefitEd, Goodly, E*TRADE’s Gradifi, FutureFuel.io, IonTuition, PayForED, Savi, Summer and Vault to name a few—to help provide student debt relief to employees. Read more >>

Student Debt in the Time of Coronavirus

Thanks to the Coronavirus Aid, Relief and Economic Security (CARES) Act, plan sponsors can assist their workers in paying down student loan debt, tax-free. While the newly established $5,250 employer contribution limit is significant, the reality is that the aid can only do so much to reduce the massive student loan debt load carried by the U.S. workforce…When advisers understand the mechanics surrounding loan debt, relaying such knowledge to their clients can end up relieving at least some of […]

Employers Can Offer More Student Loan Repayment Help to Employees

The CARES Act allows employers to contribute toward employees’ student loan debt tax-free to employees, and employees need guidance on what they can and should do about deferring payments. Laurel Taylor, founder and CEO of FutureFuel.io in San Francisco, says the Coronavirus Aid, Relief and Economic Security (CARES) Act included two provisions that are critical to helping Americans with student loan debt. Read more >><a href=”website