Employers Help Pay Student Loans to Attract Workers

“For U.S. companies trying to lure and retain workers now that unemployment is near an 18-year low, student loan repayment programs offer a way to specifically target millennial workers who are saddled with student debt. With only 4 percent of employers currently offering student loan repayment assistance, according to a 2017 survey by the Society for Human Resource Management, the possibility for expansion is immense. More than 44 million Americans have more than $1.5 trillion of student debt, according to the Federal Reserve Bank of St. Louis.”