How to Get Executive Approval for a Student Loan Assistance Program

Nov 15, 2018 10:43:55 AM / by Corinne Thomas

It's mid-November, you've done your research for 2019 benefits and you've decided that you want to offer Student Loan Assistance to your employees come 1/1. That's great! However, you quickly realize that you need to take this to your leadership team for budget approval and you fear it's going to go as many of them do, without a firm answer or approval, leaving you in limbo for the time being. Rather than going it alone, let's join forces to build the business case for your company. 

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Earlier this year, we shared an article 'The 3 questions executives ask about Student Loan Assistance'. The three questions covered were:

1. How many of our employees hold student debt?

2. How should we structure our Student Loan Assistance program?

3. What's the return to our company? 

 

Knowing the questions that will likely come up before the meeting will help you prepare best for the conversation. Providing the answers to the questions before they have a chance to ask will get you even further ahead, and we can help. Peanut Butter is happy to help provide solutions to each question - feel free to email our client solutions team or browse through the articles we've curated to make approaching your meeting easier. 

 

Additional Resources:

How Many of Your Employees Have Student Loans? 

3 Most Popular Student Loan Repayment Plan Designs

Designing and Implementing an Effective Student Loan Assistance Program

A Winning Tool in the War for Talent

One Benefit Will Keep Millennials at Your Company 36% Longer

Diversity and Inclusion Leaders Can't Ignore Student Loans

Topics: Workplace diversity, Winning Together, Decisions

Corinne Thomas

Written by Corinne Thomas

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