Student loan assistance is a highly sought-after benefit. The new e-book helps employers offer it quickly.
– Rick Klein, Senior Vice President, Horton Group
Madison, Wisconsin, USA, August 31, 2021 /EINPresswire.com/ – In a tight labor market, offering the right benefits can be critical to recruiting and retaining the best talent. More and more job seekers, especially in-demand candidates with advanced degrees, are seeking perks such as Student Loan Repayment Assistance (SLRA), where employers help pay off their employees’ student loans.
SLRA is one of the most sought-after benefits, and companies that do not offer this offer risk being left behind. In addition, in accordance with the provision of the Federal Law on Consolidated Appropriations, the SLRA is tax deductible until at least 2025.
Many employers looking to add SLRA to their benefit menu often don’t know where to start. Now Attigo by Ascendium Education Solutions is helping pave the way for its free Employer’s Guide to Student Loan Repayment Assistance E-Bookby showing you how to quickly realize this valuable advantage.
The new eBook contains helpful policies and operating templates, and provides step-by-step instructions on how to implement an SLRA in less than 60 days, any time of the year, regardless of an employer’s budget cycle.
While many companies offer tuition assistance, only a small percentage of employees are inclined to use it. In contrast, 64% of student loan borrowers are in arrears between the ages of 25 and 50 (Federal Student Aid). Diverting funds from the tuition refund program to pay off the student loan is just one way to fund this desired program.
Student loan arrears are one of the pressing problems of our time, causing workers to give up owning a home or starting families. SLRA can relieve employee stress and build loyalty. It directly removes the burden that student loan debt places on today’s workforce, helping employees achieve their financial goals and freeing up resources to build their future.
The cost of losing an employee is estimated to be 1.5–2 times higher than his salary.
“This guide contains all the guidance a HR professional might need if his organization is considering paying student loan benefits,” said Rick Klein, senior vice president of the Horton Group, employee benefits consultant. “It’s a must-read and also a good distribution resource to help companies deliver value to their employees that they don’t get anywhere else.”
With this eBook, employers can leverage over 50 years of Ascendium experience, know-how, industry insight and attitudes, adding life-enhancing benefits.
“This free SLRA e-book helps companies quickly implement SLRA to help their employees and help them attract and retain the best talent in this highly competitive job market,” said Beth Erickson, vice president of redemption solutions at the Ascendium Education Group. “Our mission is to help people reach their full potential and achieve success in life.”
Attigo® provided by Ascendium Education Solutions®, a subsidiary of the Ascendium Education Group®… For more than 50 years, Ascendium has made higher education a reality for millions of people. We are a non-profit organization and the nation’s largest student loan guarantor, student loan repayment solutions and financial well-being solutions provider Attigo, and a charitable organization whose mission is to empower and deliver results for low-income students. We believe in the limitless power of education and support big dreams. www.attigo.com
About Ascendium Education Group
The Ascendium Education Group is the nation’s largest guarantor of federal student loans, a leading postsecondary education charity and a provider of student success in tertiary education. Ascendium, a 501 (c) (3) not-for-profit organization, provides information, tools and advice to help millions of borrowers across the country avoid default and remain eligible for re-registration. Ascendium’s philanthropic mission is to empower and deliver results for students from low-income families so that they can better succeed in their postsecondary education and careers. To find out more visit ascendiumeducation.org…
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