Student Loan Debt and How Employer Repayment Programs Can Help Employers and Employees
Student loan debt is a growing crisis, as is the difficulty of finding top employees. What if there were an employee benefit that could help solve both of these problems? Student loan repayment is a benefit that helps reduce employees' student loan debt and creates goodwill for your organization, which increases employee engagement and retention. It is also a great recruitment tool. Student loan repayment programs show that an organization cares about the financial well-being of its employees. It's a great way to support employees where they are financially today, and where they want to be in the future.
Learning Objectives:
- Understand the benefits of employer-provided student loan paydown programs.
- Learn about alternative programs that allow employees to choose whether an employer match goes toward student loan repayment, a retirement plan or a combination of both.
- Know the budgetary impact of these plans on employers.
Karen Gustin
Karen M. Gustin, LLIF, is the Executive Vice President for Ameritas Group Dental and Eye Care in Lincoln, Nebraska. Gustin began her career at Ameritas in 1983. In January 2016, Karen was promoted to her current position. She is a member of the Ameritas of New York Board of Directors and is also the Dental Select President, CEO and Chair of the Board.
Ms. Gustin is involved with the National Association of Dental Plans (NADP) and has served as past Chair of both the NADP Board of Directors and the National Association of Vision Care Plans (NAVCP) Board.
Karen graduated from the University of Nebraska-Lincoln in 1983 with a Bachelor of Science degree in Education.