Franklin on currency wearing a mortarboard One reason student loan repayment now ranks as the most important and popular benefit for millennial and Gen Z employees is the profound impact it has on a borrower's ability to become debt-free. (Photo: Shutterstock)

Across the country, workers are saddled with student loan debt. In total, 47 million Americans collectively hold $1.7 trillion in outstanding student loan debt. The average employee-borrower can expect to spend $5,000 a year repaying their student loans. Such a staggering level of debt often creates significant financial stress for employees and becomes a roadblock to achieving major financial and personal goals.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.