Sponsors Can Help Participants Incorporate a Financial Timeline to Reduce Debt | PLANSPONSOR – PLANSPONSOR

Many American workers are carrying thousands of dollars in debt, and most say it impacts their financial security. A Northwestern Mutual study found that U.S. adults who carry debt hold an average of $23,325, excluding mortgages. Seventy-eight percent of respondents also believe this affects their ability to achieve financial confidence. Because of their debt, 29%…

Biden has canceled $9.5 billion in student loan debt yet forgiveness for all isn’t necessarily coming – CNBC

A college graduate calls their family on video to celebrate Kemal Yildirim | Getty Images Earlier in August, the U.S. Education Department under President Joe Biden announced it would cancel another $1.1 billion in student loan debt for about 115,000 borrowers who attended ITT Technical Institute, a now-defunct school. This latest round of forgiveness brings…