One of the most common questions we get from employers during discussions regarding Student Loan Assistance is, ‘How many of my employees likely have student debt?’ This post breaks down our answer to that question and the expectation employers should have from a participation standpoint in a potential program.
About 26% of those employed in the U.S. workforce hold student debt. Accordingly, most employers will see about a quarter of their workforce elect to participate in a Student Loan Repayment program. To take things one step further, our Industries Served pages break down this number for employers in each industry we support.
To learn more about other benefit insights and common questions, you can check out our FAQs page at: https://www.getpeanutbutter.com/faqs/