Just 4 percent of employers offer some form of student loan repayment assistance, although 2 percent are putting one in place and 23 percent are considering adding it. (Photo: Fotolia)
As paying for education becomes a bigger problem for employees, employers are exploring a range of education benefit offerings.
According to “Education Benefits: 2019 Survey Results,” from the International Foundation of Employee Benefit Plans, 92 percent of employers provide some kind of education benefit, with tuition reimbursement/assistance being the most common (63 percent offer it).
Other common benefits include in-house training seminars, with 61 percent of employers offering them; attendance at educational conferences (51 percent); continuing education courses (50 percent); coverage for licensing courses and exams (44 percent); personal development courses (35 percent); and 529 college savings plans (10 percent).
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
