Helping companies implement repayment benefit programs

Today we updated the CSLP 300 module on student loan repayment benefit programs. 

Content Overview

The presentation covers two primary areas:

• Understanding the value for employers providing such benefits and how to advise them
• Become familiar with pending legislation that could affect student loan benefits

Employers offering student loan repayment programs have a greater chance of attracting talent than those not. Studies show that such benefit programs enhance overall employee productivity and retention.

Implementation Ideas

in some cases, companies have hired financial professionals to assist in establishing a benefits program. The services could include repayment advice and other consultation at reasonable costs. 

Employers can learn about options for assisting with repayment ranging from making payments on the employee’s behalf, addressing tax implications, reducing payments, and the best approaches given the type of loans (IDR, Private vs. Federal). 

Other areas of note include:

• Employers making matching 401k
• Using unpaid time off to repay student debt and tax savings
• The complexity and value of LRAPs

Existing students and CSLP have access to this material. 

The CSLP program helps financial professionals and clients make better student loan repayment choices. Program participation can help advisors deliver accurate advice about changing landscape of student loan repayment and law. 

Click here to start the program or learn more.