Combating Student Debts’ Impact on the U.S. Economy

Combating Student Debts’ Impact on the U.S. Economy

by | Jul 22, 2024 | Benefits, Decisions, Differentiation, Employee Benefits, Financial Wellbeing, Human Resources, Insights, Student Loan Assistance, Student Loan Balance, Student Loan Debt, Student Loan Repayment, Winning Together

As more and more college graduates enter the workforce, the ever growing total in student debt the U.S. population faces continues to increase. Combined with that also pairs the fact that wages aren’t keeping up with this debt, and the inflation our country is faced...
Make a material difference for employees’ financial wellbeing through Student Loan Assistance

Make a material difference for employees’ financial wellbeing through Student Loan Assistance

by | Jun 19, 2024 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Human Resources, Insights, Student Loan Assistance, Student Loan Debt, Winning Together

Employees are asking for more from their employers in 2024. While common benefits like Healthcare, Retirement, and PTO have become industry standards. Other emerging benefits are now coming to the forefront to help improve financial wellness.  Student Loan Assistance...
Student loans blocking your retirement savings? A change to federal law MIGHT help [The Boston Globe]

Student loans blocking your retirement savings? A change to federal law MIGHT help [The Boston Globe]

by | May 13, 2024 | Benefits, Employee Benefits, Employee Engagement, Financial Wellbeing, Plan Design, Program Management, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Repayment, Uncategorized, Workplace diversity

Since 2015, employers have been contributing modest monthly amounts (e.g., $50) toward employee student loans and achieving profound results: 13% faster hiring timelines, 36% longer employee tenure, and Greater gender and cultural diversity. This year, more companies...
How does student debt impact your industry?

How does student debt impact your industry?

by | Jan 2, 2024 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Human Resources, Student Loan Assistance, Student Loan Balance, Student Loan Debt, Student Loan Repayment

Across the US workforce, 45 million Americans are burdened by student loans. With the average borrower holding north of $30,000 outstanding. It is no wonder it is one of the United State’s biggest causes of financial stress. However, employers have the...
The most effective ways to offer Student Loan Assistance

The most effective ways to offer Student Loan Assistance

by | Dec 6, 2023 | Benefits, Decisions, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Human Resources, Recruiting, Retaining Talent, Student Loan Assistance, Winning Together

Student Loan Assistance has emerged as one of the most highly sought after benefits for employees headed into 2024. With the combination of federal student loan payments resuming in October and no large-scale government forgiveness, the US workforce is feeling the...
Promote Gender and Cultural Diversity with Student Loan Assistance

Promote Gender and Cultural Diversity with Student Loan Assistance

by | Nov 27, 2023 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Finding Talent, Human Resources, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Debt, Workplace diversity

Student debt is burdensome. According to the Education Data Initiative, today’s average borrower holds over $40,000 outstanding. Alone, that data-point is compelling enough to persuade many employers to offer Student Loan Assistance as a benefit. However,...