Methodist Hospitals, a not-for-profit, community-based healthcare system in Northwest Indiana, has selected Fiducius – a leading provider of student loan benefits – as its preferred partner of student loan benefits for its 3,500 employees and their family members.
Fiducius Reduces Employer Spend While Increasing Employee Financial Wellness
Ochsner Health, Louisiana’s largest nonprofit, academic, multispecialty healthcare system, has selected Fiducius -- leading provider of student loan benefits -- as its preferred provider of student loan benefits for its 30,000 employees.
Ohio Health Rolls Out Innovative Benefit In Partnership With Fiducius
In partnership with Fiducius, Ohio Health rolled out an innovative new benefit to help alleviate the student loan burden for all of our associates and providers. All of our associates now have access to a service, at no cost to them, that will work with them to help reduce their student/parent loan debt and in some cases receive loan forgiveness.
The one-time relief provided by the U.S. Department of Education as part of the Biden-Harris Administration student debt relief plan is blocked. This ruling leaves over 26 million people in complete limbo with their federal student loan debt. They expected $10,000 to $20,000 to be canceled from their student loan balance, and this dramatic change adds more stress to borrowers. Student loan payments will resume in January for the first time in almost three years. What now?
The student loan payment pause is extended again. Payments will begin once the U.S. Department of Education is permitted to implement the debt relief program, or all litigation is resolved. If this occurs before June 30, 2023, payments will resume 60 days after that date. If it is not implemented or resolved by June 30, 2023, then payments will begin after August 29, 2023.
The ever-changing landscape for student loan borrowers received another change. The recent announcement of the new Secure 2.0 Act has many facets to it. Some go into effect as early as December 31, 2022. Others go online starting in 2023, 2024 and beyond. In one particular section it provides very productive change in terms of the way employees save for their retirement and while having a large impact on student loan borrowers.