BenefitEd offers maximum flexibility to implement an education benefits program uniquely suited for your company. By supporting your employee's educational achievement and goals, you are rewarding the best and creating a competitive recruitment advantage.
Exclusively from BenefitEd, Employee Choice grants employees control over where their employer matched funds go. Employees decide if they want contributions to go to retirement savings, student loan repayment, or both—without adjusting your benefits budget.Learn More about Employee Choice
Employer-Assisted Student Loan Repayment
Help employees pay down student loan debt with direct contributions or matching programs to reward loyalty, ease recruitment and reduce employee financial stress.Learn Moreabout Employer-Assisted Student Loan Repayment
Employer-Assisted College Savings Program
Help your employees save for future education—their own or their family’s—by supplementing 529 college savings contributions, encouraging financial planning and helping them achieve their educational goals.Learn More about Employer-Assisted College Savings Program
The Case for Student Loan Repayment and College Savings Programs
71 percent of students are graduating with student loan debt. This burden creates workplace stress that negatively impacts productivity. Some employees are foregoing major life events in order to pay off their loans.
By stepping up to address this need, you can create a more loyal workforce, fill open positions quicker, and stand out among your peers.
Gallup estimates that millennial turnover is costing the U.S economy over $30.5 billion annually.
Among employees ages 25-34, the average tenure with a company is only 2.8 years.
86 percent of employees would be willing to commit 5 years of their career to a company that helps them pay down student debt.
Sources: Ticas.org, Gallup, US Department of Labor, American Student Assistance