Whether your company has five employees or 50,000, chances are your employees and their children are dealing with student loan debt.
About 45 million Americans are paying off student loans, whether for themselves, on behalf of their kids, or both. Add up everyone’s student loans, and the total comes to a staggering $1.5 trillion nationwide. So when it comes to budgeting and making a financial plan, your employees’ student loans (and for parents, loans they’ve co-signed) are likely one of the biggest stressors as they look to the future — by offering a student loan assistance benefit, you as their employer can help.
