By Joe Radtke
In early February, beauty company Estee Lauder announced that it was joining the growing number of employers that are offering student loan repayment employee benefits. The growth in worksite employer contributions is expected to continue as employers realize the impact the benefits have on employee acquisition, engagement, and retention – notably Millennials entering the workforce carrying a high volume of student loan debt. Competiscan evaluated the communications related to student loan repayment employee benefits and compiled this short topical report. In this report we highlight the student loan benefits being offered today including:
- Defined Contribution Benefits
- Student Loan Relief
- Refinancing Solutions
- Financial Education & Wellness
In addition to existing employee benefit providers offering student loan benefits, we also included a short section related to banks and other financial institutions that are taking a unique approach to student loan debt.
Please note that all marketing materials featured within have been hyperlinked to the corresponding Competiscan records.