Want to Attract Talent? Offer a Student Loan Repayment Benefit

ALEXANDRIA, Va. — More than one-half of working Americans said employer-provided student loan repayment benefits would play a role in how they evaluate job opportunities, according to new research from the Society for Human Resource Management (SHRM). ” As the research shows, education assistance helps employers attract talented employees and build diverse teams to compete globally.”  –Emily […]

Percentage of Employers Offering Student Loan Repayment Benefit Doubles

The percentage of U.S. employers who provide student loan repayment assistance to employees has doubled. Employers are now twice as likely to offer a student loan repayment benefit as they were just a year or two ago, according to a survey from the Society for Human Resource Management (SHRM). While SHRM data records the number […]

The #1 Benefit Employees Want in 2019?

The #1 benefit American employees want to see in their benefits package? Assistance with student loan debt. While a good salary, paid vacation, and health insurance all remain perennial draws, student debt relief is no doubt the top employee benefit for 2019. Understanding the latest benefit trend Desire for assistance with student loans from employers […]

How to Use the Student Loan Repayment Assistance Program to Promote Employee Health and Wellness

The idea that employers can play an integral role in the health and well-being of employees is fairly straightforward: we spend so much time at work, and therefore, healthy work environments that promote wellness can go a long way towards improving the quality of life of the employee.  According to one analysis, we spend an […]

Addressing Suzanne Lucas’ article on the student loan repayment benefit

One of my main objectives in writing about the employer student loan repayment assistance program has been to relay with urgency our shared responsibility for finding solutions to the $1.5 trillion student loan debt crisis.  We are in this together.  Employers helping graduates repay their student loan debt has a ring of social justice to […]

LoanBenefits Impacts: An Interview with Zeke Johnson

Though the employer student loan repayment assistance program is still dipping its toe in the job market, there are plenty of success stories that can help demonstrate how the benefit actually impacts the lives of those employees who participate in it. We find one such example with Zeke, an industrial designer at RKS Design, a […]

New Year, Renewed Focus on Solving Student Debt

What a crazy year, huh?  The year 2018 was rife with what can only be described as tumult – on a political, social, and personal level. And yet, there is much to be hopeful for as we enter the new year, especially on the frontlines of the battle against the student loan debt crisis. This […]

How to Build a Student Loan Repayment Assistance Program for Registered Nurses

Nursing is the fastest-growing job field in the nation.  An essential role in the healthcare industry, the occupation provides excellent opportunities for employment and growth.  There are multiple pathways of education for nursing candidates.  In order to become a registered nurse (RN), a bachelor’s degree or associate degree is typically required.  Some candidates earn their […]

Finding a Solution to Your Student Loan Debt Woes Just Got a Whole Lot Easier

This is urgent. We’re all on the same side here. None of us want the student loan debt crisis to continue. The fact that we’re all in this together can be easily overlooked in these divisive times, but it’s true. Student loan debt has incalculable ramifications – from the psychological to social and economic – […]

Recent IRS Ruling Could Allow Employers to Pay Down Student Debt Using 401(k) Matching Funds

Finally, some welcome news in the fight against the national student loan debt crisis.  In what could potentially be a significant and encouraging first step in allowing employers to take a tax-favored approach in helping employees with student loan debt, the Internal Revenue Service recently issued a private letter ruling, PLR 201833012. The ruling concerned […]

Prioritization: Retirement Savings Plans Versus Student Loan Debt Repayment

Millennials have heard it time and again: save, save, save!  The inability to plan and save for retirement remains a constant source of anxiety and concern for people with student loan debt.  In fact, 80% of people say that student loans impact their ability to save for retirement, and why shouldn’t it?  People with student […]

The Advantages of Student Loan Repayment Assistance Over a Higher Salary

I’m the worst with money. Give me a dollar and I’ll spend it. Feeling me, all you impulsive spenders out there? Saving money is difficult! Maybe I’d do well to get professional help – a personal spending police at my side at all times to slap my hand if I so much as reach for […]