Kammerer

Educators making plans to put student loan payments back in their budgets

Retrieved on: 
Wednesday, September 13, 2023
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Half of educators with student loan debt say that resuming federal payments in October will have a major impact on their household’s finances.

Key Points: 
  • Half of educators with student loan debt say that resuming federal payments in October will have a major impact on their household’s finances.
  • After the three-year U.S. student loan payment pause spurred by the COVID-19 pandemic ended, interest began accruing on federal student loan debt on Sept. 1.
  • About half (51%) of educators with student loan debt said this will have a major impact on their financial wellness, according to a Horace Mann Educators Advisory Panel survey.
  • Through the Public Service Loan Forgiveness Program, educators can have the balance of their federal student loans forgiven after 10 years of qualifying payments.

Supreme Court decision amplifies importance of existing Public Service Loan Forgiveness program for educators

Retrieved on: 
Friday, June 30, 2023
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When U.S. educators return to their classrooms this fall, they face resumed student loan payments without the likelihood of one-time federal student loan debt relief.

Key Points: 
  • When U.S. educators return to their classrooms this fall, they face resumed student loan payments without the likelihood of one-time federal student loan debt relief.
  • The U.S. Public Service Loan Forgiveness program, which allows for public school educators to have their student loan balance forgiven after roughly 10 years of service, remains intact.
  • Since its inception in 2016, our Student Loan Solutions program has helped educators identify more than $600 million in student loan forgiveness opportunities.”
    On Friday, the Supreme Court blocked the Biden administration’s student loan forgiveness initiative, which would have provided $10,000 in student loan debt forgiveness to many federal borrowers and $20,000 to Federal Pell Grant recipients.
  • “By helping alleviate educators’ student loan debt through existing programs, we can keep more educators in the classroom focused on the job they love.”
    Horace Mann's Student Loan Solutions program is complimentary and pairs public school educators with trusted resources to help them navigate student loan forgiveness.

Innovative Packaging Company Acquires Landmark Packaging, Expanding Regional Footprint

Retrieved on: 
Tuesday, December 21, 2021
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Innovative Packaging Company (IPC) today announced the acquisition of privately held, Colorado-based Landmark Packaging, Inc. (Landmark).

Key Points: 
  • Innovative Packaging Company (IPC) today announced the acquisition of privately held, Colorado-based Landmark Packaging, Inc. (Landmark).
  • Landmark Packaging is a packaging manufacturer and distributor supplying various packaging materials including boxes, bags, labels, janitorial supplies, and personal protective equipment to Colorado businesses.
  • Customer service and quality custom packaging have similarly been a cornerstone of Landmark Packaging since the companys inception.
  • Today, the company is a packaging manufacturer and distributor supplying various packaging materials including boxes, bags, labels, janitorial supplies, and personal protective equipment to Colorado businesses.

Horace Mann Encourages Educators to Pursue Federal Public Service Loan Forgiveness Before 2022 Deadline

Retrieved on: 
Thursday, December 16, 2021
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Managing the burden of student loan debt remains one of educators’ major financial concerns, with 60% having outstanding student loans.1 An overwhelming majority - 88% -- said having their student loans forgiven would make them more likely to stay in education. Seventy percent said a lower monthly payment also would make them more likely to stay, according to a 2020 Horace Mann survey.

Key Points: 
  • On the heels of the Limited Waiver Opportunity announcement two months ago, Horace Mann Educators Corporation (NYSE:HMN) has seen demand for its Student Loan Solutions program triple.
  • After being told [by the Department of Education] that my loan payments didnt count toward forgiveness because they were with the wrong loan provider, I felt defeated.
  • Horace Mann's Student Loan Solutions program is a complimentary, easy-to-use suite of resources to help educators manage student loan debt and get guidance on the federal student loan forgiveness program.
  • (1) The Student Loan Debt Effect: Good Teachers are Leaving Education, Insights from the Horace Mann Educators 2020 Student Loan Debt Study
    Horace Mann Educators Corporation (NYSE: HMN) is the largest financial services company focused on providing Americas educators and school employees with insurance and retirement solutions.