More Employers Are Helping Pay Off Student Debt

The video discusses how employers are using student loan repayment assistance as a tool to attract and retain young workers. This benefit is becoming more common in job postings, although still rare. The financial burden of student debt and rising rents is a significant concern for young workers. Employers offering repayment assistance can stand out in a competitive job market. The video also explores why employers might choose this benefit over salary increases, highlighting tax advantages and the ease of automatic payments.

What is one reason employers are offering student loan assistance to younger workers?

• To stand out in a competitive job market

• To increase the taxable income of employees

• To decrease employee retention

• To reduce the number of job applicants

How has the trend of job postings mentioning student loan benefits changed since 2019?

• It has slightly increased

• It has more than doubled

• It has decreased

• It has remained the same

Why might younger workers find employer assistance with student loans appealing?

• It allows them to avoid paying taxes

• It provides free housing

• It guarantees a higher salary

• It helps them manage high rents and loan payments

What is one benefit for employers offering student loan repayment assistance instead of higher salaries?

• It reduces the taxable income for employees

• It guarantees employee promotions

• It simplifies the hiring process

• It increases the taxable income for employees

How can automatic student loan payments benefit employees?

• By reducing their salary

• By simplifying debt repayment

• By increasing their monthly expenses

• By making budgeting more difficult