student debt

Repay Student Loans or Save for Retirement? It Doesn’t Have to Be a Tug of War
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Many employees feel squeezed to both pay off their debt and save for their future. A recent Private Letter Ruling (PLR) opens the door for employers to help them. The average student graduating in 2016 has $37,172 in student loan debt.¹ According to the New York Federal Reserve, more than two million student loan borrowers  Read More →
Your Newest Employee Benefit – Student Loan Debt Repayment Assistance
Team SummitEmployee Outcomes, Employer Resource CenterComments are off for this post
Student loan reimbursement programs are a fast growing employee benefit. Approximately 70 percent of 2016 college graduates have student loans with an average balance of $37,000.¹ The Society for Human Resource Management reports that while only about 3 percent of employers offer this benefit, interest among employers is growing rapidly. Research also shows that a  Read More →

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