Frequently Asked Questions
Tax-Free Benefits
Are student loan benefits tax free?
Are employee deductions tax free?
Can employers use yearly bonuses for a tax-free program?
What happens if the government forgives student loans?
Program Implementation & Integration
How long is implementation – and is it simple?
How difficult is it to implement an education benefit?
How many hours, on average, does it take per month to administer a BenefitEd program?
Does BenefitEd integrate with any BenAdmin systems?
Does BenefitEd integrate with any payroll systems?
Does BenefitEd provide reporting, and how often?
If an employee leaves while on the program, can we require him or her to pay a certain amount back?
What kind of ROI does the average employer see with a repayment program?
Employee & Employer Contribution
Can contributions be different per employee?
How often can I change contributions?
How much do employers contribute to student loan repayment programs?
Can I utilize 401k match dollars for student loan benefits?