Core Points - The financial struggles of two daughters with student debt are highlighted, with one daughter working as a teacher and the other as a federal employee, both facing challenges in managing their loans totaling $60,000 each [1][2][3] - The impact of the recent changes in student loan payment plans is significant, with an expected increase in monthly payments by $400, making it difficult for the daughters to afford the new terms [3] - The parents are considering financial assistance options, including purchasing apartments for their daughters to alleviate their financial burdens [7][12] Financial Situation - The parents have a total of $1.8 million in retirement savings and have relocated to a state with lower taxes and expenses [6] - They own a home valued at $620,000, with an $80,000 mortgage and a $40,000 home-equity loan, and a car loan of $675 per month [5] - Monthly withdrawals from their 401(k) amount to $5,000, which are used for living expenses, including groceries and veterinary care [5] Potential Solutions - The parents are contemplating using their high credit rating to purchase studio or one-bedroom apartments for their daughters, each priced around $225,000, which would require withdrawing $80,000 from their 401(k) [7][11] - Financial experts advise considering the tax implications of such withdrawals and the responsibilities of becoming landlords if they proceed with purchasing properties [11][12] - Thoughtful lifetime gifting strategies are suggested as a way to assist their daughters without jeopardizing the parents' financial stability [17][19]

Company Information - Fidelity Brokerage Services LLC is a member of NYSE and SIPC [1] Contact Information - The company's address is 900 Salem Street, Smithfield, RI 02917 [1] Document Identification - The document ID is 1203535.3.0 [1]

There was an entire generation, if not two generations of young men and women who were told that they must, not should, not it's nice to, they must go to university. And these folks took out an enormous amount of financial support to do so. And part of the underlying reason was that they were told and it sounds very credible.Technology is coming and there's going to be so much automation of all of the other kinds of jobs that you may do in a trade school. You should go to university and protect yourself. We ...

Student Debt Landscape - The video discusses the current state of student loan borrowers and recent legislative and regulatory changes impacting them [1] - It explores available assistance for employees with student debt [1] Employer Opportunities - Employers can leverage SECURE 2.0 legislation to support employees with student debt [1] - Student Debt Direct offers benefits for employers [1] Resources - Fidelity Workplace provides more information on LinkedIn [1] - Additional videos are available on YouTube [1]

Credit Score Impact - Approximately 220万 (2.2 million) student debt holders experienced a credit score decline of at least 100 points in the first three months of 2025 [1]

The Education Department will soon begin to charge interest on student debt for an estimated 7.7 million borrowers who’ve been in legal limbo since a repayment plan created by President Joe Biden was blocked in court https://t.co/mWEGScE5Wb ...

What have you learned getting people to quit school, giving them $100,000, and then how many parents call you and get really upset that their kids are quitting school. I think the universities are far worse than I even thought when I started this thing. You know, the student debt was 300 billion in 2000, it's uh it's basically uh close to two trillion at this point.And then if you look at it by cohort, if you graduated from college in 1997, 12 years later, people still had student debt, but most of the peop ...