Student loans 401(k) and financial aid : new laws for 2024

 In 2023, state legislatures in the United States witnessed a divisive session, marked by contrasting approaches to key issues. While both Democratic and Republican-led states addressed concerns about inflation, partisan divides emerged on issues like gender-affirming care for minors and abortion rights. Several Republican-led states, including Idaho and Louisiana, implemented bans on gender-affirming treatments for minors, imposing fines and penalties on healthcare providers.

In contrast, Democratic-led Maryland expanded protections for gender-affirming care. In the realm of abortion rights, Washington and California enacted laws to enhance accessibility and shield healthcare providers from out-of-state litigation. Additionally, numerous states, including Washington, DC, increased their minimum wage on January 1, with Washington maintaining the highest at $16.28. Notably, a new retirement law, Secure 2.0, allows employers to match qualifying student loan payments with contributions to employees' 401(k)s, impacting retirement savings. Furthermore, updates to the FAFSA aim to simplify the financial aid application process for the 2024-2025 academic year.

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