A win-win: employers and employees both benefit from student loan repayment program
Nearly one-third of employers say they plan to offer student loan repayment as a benefit in coming years to help attract and retain employees in a tight labor market. Employees are getting relief from their debt and moving forward with life milestones. Read more about this mutually beneficial program.
A glimpse into one family’s experience with student debt
Student debt has found its way into many homes and families and cuts across multiple generations. Halting dreams, careers, home ownership, and postponing retirement. Do your benefits help them save for their financial well-being?
Student Debt in the News
The landscape continues to evolve for student debt borrowers. Read more on the latest developments such as the loan payment moratorium and the Public Service Loan Forgiveness (PSLF) Program.
Help support Diversity, Equity, and Inclusion (DEI) by tackling student debt
66% of student debt in the US is held by women1, and African American grads hold almost twice as much debt as white American grads.2 Explore the impact of student debt on underrepresented communities and how student debt repayment benefits can help support DEI while boosting employees’ financial wellness.
Tools to engage your employees:
The student loan interest and payment moratorium has been extended until August 31, 2022.
Here are a few tips you can share with your employees during this time.
Stressed by student loan payments? Don’t worry, you’ve got options. Check out this tool that helps you create different payment strategies to see how much time and money you could potentially save.
Reminder: Student Debt Direct Participant toolkit materials available – everything from emails, signage, flyers and social media posts. Check it out.
Visit our Student Debt Program site to learn more.
Please reach out to your Managing Director with any questions.