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Concurrent Session
Student Loan Debt and How Employer Repayment Programs Can Help Employers and Employees
Monday 06/29/2020 04:00 PM - 05:00 PM Add to calendar
| Competencies: Business Acumen, Global & Cultural Effectiveness, HR Expertise
Workplace Application:
Helping what hurts the most – how student loan repayment programs improve talent acquisition and retention. 

Student loan debt is an ever-growing crisis, as is the competitive search for top employees. What if there were an employee benefit that could help solve both of these problems?  Student loan repayment is a benefit that helps reduce employees' student loan debt and creating goodwill for your organization, which increases employee engagement and retention. It is also a great recruitment tool.  Student loan repayment also shows that an organization cares about the financial well-being of its employees.  It's a great way to help support employees where they are financially today, and where they want to be in the future.

Learning Objectives:

  • Understand the benefits of employer-provided student loan paydown programs.
  • Alternative programs allowing employees to choose whether employer match goes toward student loan repayment, retirement plans or some to both.
  • Know the budgetary impact of these plans on employers.