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...
Ensuring a successful launch for your Student Loan Assistance program

Ensuring a successful launch for your Student Loan Assistance program

by | May 13, 2024 | Benefits, Decisions, Employee Benefits, Employee Engagement, FAQ, Human Resources, Plan Design, Program Management, Student Loan Assistance, Student Loan Repayment

Conceptually, there’s many ideas surrounding the right route for a successful Student Loan Assistance program launch. When considering this new benefit, it’s important for employers to understand what works. In a recent article from Indeed, three key requirements were...
The Reality of Government Student Loan Forgiveness Initiatives

The Reality of Government Student Loan Forgiveness Initiatives

by | May 13, 2024 | Benefits, Employee Benefits, Student Loan Assistance, Student Loan Balance, Student Loan Debt, Student Loan Repayment, Winning Together

In 2024, 43 million Americans hold student debt for 1.7 trillion dollars outstanding. That means the average student loan borrower has close to $40,000 still to pay off on their debt. A daunting number for most, and student debt’s impact is still continuing to...
Four things employers shared when they switched their administrator, and hired Peanut Butter

Four things employers shared when they switched their administrator, and hired Peanut Butter

by | May 13, 2024 | Benefits, Differentiation, Employee Benefits, Program Management, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Repayment, Tax-free, Winning Together

Selecting the right vendor for any benefit is a crucial component of a program’s success. During our time supporting group transitions from other Student Loan Assistance administrators, we’ve learned four key reasons on why employers are choosing to make the switch....