AIA praises legislation bolstering retirement planning for architects through student loan payments

{"version":"0.3.0","atoms":[],"cards":[],"markups":[["strong"],["a",["href","https:\/\/www.aia.org\/press-releases\/6176847-architecture-students-call-for-action-on-s"]],["a",["href","https:\/\/www.aia.org\/press-releases\/6573858-aia-study-examines-impact-of-student-debt-"]],["a",["href","https:\/\/www.aia.org\/landing-pages\/6475169-advocacy"]],["b"]],"sections":[[1,"p",[[0,[0],1,"WASHINGTON - Dec. 23, 2022 \u2013"],[0,[],0," The American Institute of\nArchitects (AIA) commends Congress for the year-end passage of Secure Act 2.0\nprovisions (inclusive of AIA-endorsed H.R. 2917, the Retirement Parity for\nStudent Loans Act), which help emerging professionals save for retirement while\npaying down student loan debts."]]],[1,"p",[[0,[],0,"\u201cThis legislation\nhelps provide a path to retirement for architects feeling the burden of student\nloan debt,\u201d said AIA 2023 President Emily Grandstaff-Rice, FAIA. \u201cBeyond the\nvalue to current emerging professionals, this legislation lowers one of the\nmany barriers of entry into the profession for underrepresented architect\ngroups.\u201d "]]],[1,"p",[[0,[],0,"\n\nAIA and American Institute of Architecture Students (AIAS) partnered together to\n"],[0,[1],1,"advocate for this legislation"],[0,[],0," in 2019, specifically,\nthe bipartisan Retirement Parity for Student Loans Act, which allows employers\nto make matching contributions to a 401(k)-retirement plan when their employees\nmake student loan repayments. Recent graduates who cannot afford to save for\nretirement would no longer have to forego the employer match. "]]],[1,"p",[[0,[],0,"AIA is continuing to take a multifaceted\nlegislative approach to addressing student loan debt issues. In addition to\nadvocating for retirement parity legislation, AIA and its members are working\nwith lawmakers to identify ways to make college more affordable. "],[0,[2],1,"AIA recently "],[0,[],0,"commissioned a study on student debt\nto gain a better understanding of its impact on different architect demographic\ngroups."]]],[1,"p",[[0,[],0,"According to the Federal Reserve, an estimated 46\nmillion Americans owe approximately $1.75 trillion in student loan debts. In\nthe AIA study referred to above, respondents owed an average of $53,200 in\naccumulated debt after graduation."]]],[1,"p",[[0,[],0,"Visit "],[0,[3],1,"AIA\u2019s website"],[0,[],0," to learn more about AIA\u2019s advocacy initiatives."]]],[1,"p",[[0,[4],1,"About AIA"]]],[1,"p",[[0,[],0,"Founded\nin 1857, AIA consistently works to create more valuable, healthy, secure, and\nsustainable buildings, neighborhoods, and communities. Through more than 200\ninternational, state and local chapters, AIA advocates for public policies that\npromote economic vitality and public wellbeing."]]],[1,"p",[[0,[],0,"AIA provides members with tools and resources to assist them\nin their careers and business as well as engaging civic and government leaders\nand the public to find solutions to pressing issues facing our communities,\ninstitutions, nation, and world. Members adhere to a code of ethics and conduct\nto ensure the highest professional standards."]]]]}