Employees are increasingly looking to their employers for help paying down their student loans as a part of a comprehensive employee benefits package.

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This kind of assistance is especially valued by the younger end of the workforce, with half of Millennial and Gen Z employees saying that loan repayment benefits are essential benefits offerings. To be clear, plenty of Gen X and Baby Boomers are still paying down student loans, as well, with more than 40 million Americans collectively holding about $1.6 trillion in federal debt.

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You can read more about these topics here as well as find examples about how various companies have incorporated student loan repayment into their employee benefits packages here.