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.