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Employers are sharing the student debt load
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They have several options that could help, depending on their budgets and goals.
Reported by
Art by Karlotta Freier
As monthly federal student loan payments are set to resume in the fall, more employees are requesting access to assistance and repayment programs. And employers say they want to help.
A recent study by Ramsey Solutions ranked student loan repayment assistance as the second-highest benefit offering that plan sponsors are considering implementing in the next year or two, behind only financial wellness.
Fidelity Investments estimates 44 million Americans owe a combined $1.67 trillion in debt, and workers are urging the federal government, as well as their employers, to assist in paying down the balance.