The student loan repayment pause has given borrowers a break from paying for a few years, but starting this October, student loan payments will resume. This comes at a time when many American workers are feeling financially strained. Employers are poised to help employees prepare for repayment and help reduce their emotional and financial stress.
However, employers must be cognizant of finding the right balance for their workforce. While loan relief could help organizations attract and retain talent (often younger generations) impacted by student loans, repayment assistance may seem unfair to workers who do not have such debt.
Click the following link to read the entire article, which highlights the state of student debt forgiveness and suggests ways employers can help their employees prepare for loan repayments: Helping Employees Prepare for Student Loan Repayment
Through one of our leading partner vendors (Peanut Butter), Employco offers its clients a benefit plan for Student Loan Assistance. Contact us to learn more about this plan or a variety of other benefit plans available to our clients.