Student Loan Debt and How Employer Repayment Programs Can Help Employers and Employees | Sessions
Student loan debt is a growing crisis, as is the difficulty of finding top employees. What if there were an employee benefit that could help solve both of these problems? Student loan repayment is a benefit that helps reduce employees' student loan debt and creates goodwill for your organization, which increases employee engagement and retention. It is also a great recruitment tool. Student loan repayment programs show that an organization cares about the financial well-being of its employees. It's a great way to support employees where they are financially today, and where they want to be in the future.
- Understand the benefits of employer-provided student loan paydown programs.
- Learn about alternative programs that allow employees to choose whether an employer match goes toward student loan repayment, a retirement plan or a combination of both.
- Know the budgetary impact of these plans on employers.