Fidelity tests new tool aimed at easing student debt's retirement threat

The three-phase program hopes to help users focus on paying off student loans as well as saving for retirement.

By Marlene Y. Satter | Updated on June 27, 2016

As student loan debt’s threat to retirement grows increasingly clear — at $1.3 trillion, it eats up resources that might otherwise go toward retirement savings — Fidelity Labs, the research and development unit of Fidelity Investments, is beta testing a tool designed to help.

The Fidelity Labs Student Debt Tool, now piloting, is a three-phase program.

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