Although only 3% to 4% of employers currently provide some form of student loan repayment assistance to employees, this type of benefit is expected to gain more popularity among employers in the near future. Student loan repayment benefits will help employers recruit and retain talented employees, boost office morale, and ameliorate the impending student loan crisis. In this article, partner Mark Brossman, special counsel Susan Bernstein and associate Abdulrahman Alwattar discuss why employers should consider developing a student loan repayment assistance benefit plan.
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How Employers Can Provide Student Loan Repayment Assistance as an Employee Benefit
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Senior Legal Counsel, Bankwest Business
Bank of Western Australia Ltd
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