Benefits and Compensation

Survey: Student Loan Assistance Helps Lower Employee Stress, Increases Productivity

Like countless other “essential employee benefits” you’ve heard of over the years, student loan assistance sounds like a good idea. But you’re probably wondering: Is this one going to last? Based on the results of recent survey, all signs point to yes.

There are 40 million Americans with student loan debt, bringing the total U.S. student debt burden to more than $1.3 trillion. Employees with student loans are stressed about repayment and their employers are taking notice.

IonTuition surveyed individuals who were currently employed and influenced hiring decisions within their company, and were asked to share their perspective on student loan repayment assistance programs, meaning that their employer makes a contribution towards repayment of an employee’s existing student loan debt as an employee benefit.

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