The first 3 months of 2021 have been packed with major nationwide events, including significant news surrounding management of the $1.7 trillion in student loans. With all that’s going on, we’ve been following legislation from the new administration, a new Congress, a COVID relief bill, and now the American Rescue Plan.
Employers play a crucial part in the student debt crisis. Here are the top three things you need to know right now to help your employees, members, and clients.
New Annual Tax-Free Employer Contributions
Included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, this