Student Debt: Updates, CARES Act & 401(k) Integration

Student debt or student loans has been a hot topic and a challenge for millions for several years now. So much so that employers are now including some type of student loan assistance in their benefits program or even their 401(k) plan. There was also a provision in the CARES Act which addressed what employers can do to help employees who have student debt. To chat about this and more, I am excited to welcome Romy Parzick, the CEO of Vault to the podcast. During our conversation, she effortlessly addresses every question I could think to ask her about student loans, what the current reality of student debt is, the impact from COVID, how employers are addressing them in their benefits programs, will the 401(k) matching program gain traction and what she sees still on the horizon.    Before we get started, I apologize for the gap in episodes early this month. We are back on track and will be putting out more valuable episodes here in the coming weeks. As a reminder, if you have an idea for a guest, topic or question we should address on the podcast please either message me on LinkedIn or shoot me an email to [email protected].    That's it, I hope you enjoy my conversation with Romy!   Guest Bio Romy Parzick is the CEO of Vault, bringing two decades of fintech innovation, operational excellence, and leadership experience to the organization. Her work spans the consumer and commercial finance sectors, where she has worked across organizations to launch new products, drive operational scaling, transform struggling business units, and manage large-scale change initiatives.   Prior to taking the helm at Vault, Romy led operations and client experience for the commercial division of a $4B consumer payments company and implemented national consumer advocacy initiatives at the Financial Health Network and as EVP of a leading Community Development Financial Institution.    Passionate about leveling the playing field for women and minorities, Romy is an active and outspoken First Movers Fellow and advisory board member with the Aspen Institute. She holds an M.B.A. from the Fuqua School of Business at Duke University and a B.S. from Carnegie Mellon University.   401(k) Fridays Podcast Overview Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 200 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!