On the decline: Undergraduate and graduate educational assistance
While popular among workers, student loan repayments haven’t quite gotten the traction among employers. Both ungraduated and graduate assistance have seen dips – 8% and 9%, respectively – in the past five years.
“Employer-provided loan repayment assistance is still relatively new and it can be a high-cost benefit for employers,” says Evren Esen, SHRM’s director of workforce analytics. However, "it is especially attractive to younger workers with highly valued skills,” she adds, expecting the trend to reverse and pick up in the years to come.