BenefitEd provides student loan repayment and college savings programs to help progressive employers create a more engaged and productive workforce.
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.
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.
Among employees 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.
By stepping up to address this need, you can create a more loyal workforce, fill open positions quicker, and stand out among your peers.
Sources: Ticas.org, Gallup, US Department of Labor, American Student Assistance
What We Offer
BenefitEd will create a program built to fit your needs.
Make regular contributions to
employee student loans with a
program that is easy to manage.
Help employees prepare for the
future by supplementing their 529
college savings plans.
From our Resource Center