Financial Benefits

Employees Value Employers Who Help Pay Their Student Loan Debt

UPDATED ON
April 26, 2023
Mployer Advisor
Mployer Advisor
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Employees are increasingly looking to their employers for help paying down their student loans as a part of a comprehensive employee benefits package.

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.

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.

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