20 Companies That Help Employees Pay Off Student Loans
In 2019, just 8% of employers included student loan assistance in their employee benefits packages, according to research from the Society for Human Resource Management. Even that was a big step up from the years prior -- double, actually. For three years between 2016-2018, just 4% of employers offered student loan assistance to their workers and in 2015, it was just 3%.
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All that changed with the pandemic.
At the end of October 2021, the fourth annual Employee Benefit Research Institute (EBRI) Financial Wellbeing Employer Survey revealed that the number had doubled again -- more actually -- this time from 8% to 17%. In the post-pandemic world, employers who wanted to draw top talent were going to have to make tuition and student loans a priority.