Offering student loan repayment support as part of an overall financial wellness program also gives your organization an edge in retaining and recruiting a large portion of the workforce.
One of the best ways to determine what you can do to promote financial wellness among your employees is to ask them what they need.
One way to help them capitalize on it is to offer a gradual, step-ladder return to repayments starting now.
Consider giving your employees tools to check their credit scores, as well as information on how to improve them.
To make it easier for employees to save in state-sponsored 529 college savings plans, you may want to offer a 529 payroll deduction program.