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Tuition assistance and student loan repayment are incentives more companies are offering to retain talent in the next era of work. 

Nov 10 2021

Tuition assistance and student loan repayment are incentives more companies are offering to retain talent in the next era of work. YPulse’s What’s Next for Work trend research shows that young workers are reexamining their careers now more than ever, and 92% say working for an organization that offers good benefits is important to them when thinking about their future and career. Walmart and Target recently introduced programs to help workers pay for college, and more employers are rolling out all kinds of education benefits. According to research from Willis Towers Watson, 80% of the 238 mid-sized and large employers surveyed offered tuition reimbursement before or during 2021, 24% offer counseling for student loan management, and 16% offer student loan refinancing. The pause on federal student loan payments is ending in less than 90 days, causing some employers to think about student loan assistance as a work perk moving forward. Pre-pandemic, only around 8% of employers offered student loan repayment assistance, and now, 17% offer it, with another 31% planning to roll this benefit out in the future. (CNBC)