Author: Nicolas Chee

FutureFuel.io Helps Companies Offer Student Debt Repayment as Employee Benefit

A relatively new company, FutureFuel.io, is helping companies offer student loan debt repayment as an employee benefit.Founded in 2016, FutureFuel.io makes the implementation of a student loan debt repayment program easy for employers. Companies that work with FutureFuel.io are able to employ the SaaS platform that enables employers to contribute payments to their employee’s student loan debt total.The company was founded by Laurel Taylor with the goal of lessening the $1.41 trillion national student loan debt in the United States. Taylor was convinced that young Americans covet an employee benefit that works to pay down an employee’s educational debt....

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Fidelity Rolling Out New Student Debt Employer Benefit

Fidelity Investments is launching a new student loan benefit for employers known as the Student Debt Employer Contribution Program. Fidelity Investments will be rolling out a new student loan benefit for employers in the fourth quarter of 2017. The new benefit was announced through a press release issued on September 14th.The benefit being offered by Fidelity is meant to assist employers in paying off their employee’s undergraduate student loans or graduate student loans. The benefit, known as the Student Debt Employer Contribution program, will allow for employers to contribute after-tax payments to an employee’s student loan debt. The program will...

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Prominent UK Think Tank Warns Against Cutting Student Loan Interest Rates

The UK's Chancellor of the Exchequer Philip Hammond, above, is open to new ideas that will ease the student loan debt burden.Bright Blue, an influential conservative think tank in the United Kingdom, issued a warning against reducing the interest rates on student loans, a move being considered by Chancellor of the Exchequer Philip Hammond.Bright Blue, who made their opinions public via an article on The Guardian, is urging Hammond to resist pleas from the Tory members of the government to cut interest rates. As Chancellor of the Exchequer (a role similar to the Secretary of the Treasury in the...

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Online Lenders Banned from Offering Student Loans in China

Many Chinese students have fallen victim to fraudulent online lending operations. The Chinese government has enacted a ban on such companies.On Wednesday, the Ministry of Education (MOE) in China announced that all online lending platforms in the country have been banned from offering student loans to Chinese students, according to the Global Times.More traditional, commercial banks will still be able to provide educational loans to Chinese college students according to Zhao Jianjun, Vice Director of the Finance Department of the MOE.Internet lenders in China have created quite the social problem in the country. Over the last couple of years,...

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U.S. Senator Bill Nelson Discusses Student Loan Debt at the University of Florida

Senator Bill Nelson (D-FL), seen here at the University of Florida, was back at the school to push for student loan reform. U.S. Senator Bill Nelson (D-FL) spent Tuesday, August 29th, speaking with students at the University of Florida about their student loan debt and his proposed legislation, according to The Gainesville Sun.Senator Nelson himself attended the University of Florida, but transferred after a time. Yesterday at one of UF’s education buildings, Nelson spoke to roughly a dozen students from UF and Santa Fe College about what they have had to deal with when it comes to student loans.He also...

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