ADP’s Spark: Employees burdened by student loans? Offering this benefit could help.

The problem of student debt in America is a hefty one, with more than 44 million people collectively owing over $1.5 trillion in student loans. 

And it doesn’t stop there; the Congressional Budget Office estimates that an additional $1.27 trillion in new federal student loans will be added to that total by 2028. Debt-holders are looking for a way out, and it’s employers like you that can offer it to them. 

When employers offer student loan assistance as a benefit to their employees, they are able to hire faster, retain longer and attract more diverse talent. Employers everywhere are catching on to this. Don’t be the last in your industry to offer the benefit that college-educated talent really wants. 

Read more about why you should offer student loan assistance as a benefit at your company on ADP’s Spark