Wellbeing Weekly

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Supreme Court Questions Biden Student Loan Forgiveness Plan

Posted March 03, 2023 by CHC Wellbeing. Filed under FINANCIAL WELLBEING, EMPLOYEE BENEFITS
Supreme Court

Employee Benefit News

Student loans have been up in the air for almost three years now and we still don't know what could happen. As of now, President Biden's plan is to cancel up to $20,000 in student debt for those making less than $125,000 per year or $250,000 as a household. The Supreme Court, however, is currently ruling if this is within the president's authority.  Will the loans be forgiven? When will re-payment officially kick off? With justices arguing both sides, it has left many Americans worried about their financial future. What can employers do to help? Financial education tools and various benefit offerings, such as assistance programs, subsidized child care and more may be the key to success.

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Angel of Lower Wacker

Angel of Lower Wacker was founded with the mission to serve the unhoused community throughout the Chicagoland area.

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