Student Loan Debt by the Numbers – For Employers
Student loan debt is at an all-time high, creating financial uncertainty for many employees.
-
1 in 4
-
77%
-
49%
When employers address the burden of student loan debt, recruitment and retention get easier, engagement climbs, and productivity grows. Student loan benefits, including student loan paydown, matching retirement contribution, and 1:1 personalized counseling, are a win-win!
But many employers don’t know where to start!
There is no better time than now to introduce student loan benefits.
3 Easy Ways to Get Informed and Get Started
1 Use our interactive map to view student loan debt numbers by state.
Key
- Average Debt under $33,000
- Average Debt $33,001 - $37,000
- Average Debt $37,001 and above
Sources:
- Hanson, Melanie. “Student Loan Debt by State” EducationData.org, April 3, 2022.
- Based on a 10-year term at 6.8%.
- TICAS 2019-2020.
View all States
2 Use our free resources to learn more about student loan repayment assistance.
Toughest Jobs to Fill
HR professionals share which positions are very or somewhat difficult to fill.
-
89%High-Skilled Medical
(e.g., nurses, doctors, specialists) -
85%Skilled Trades
(e.g., electricians, carpenters, machinists) -
83%Engineering and Architecture
-
81%High-Skilled Technicians
(e.g., health, environmental) -
79%Construction and Extractions
(e.g., mining) -
78%Community and Social Service Workers
(e.g., counselors, therapists) -
76%Protective Service Workers
(e.g., firefighters, law enforcement) -
76%Scientists and Mathematicians
-
73%Transportation
(e.g., drivers) -
69%Education, Training, and Library
(e.g., teachers, professors)
Source: SHRM
3 Contact Amy for a quick quote or to learn more.
Amy Nelson
Sales Director, Employer Markets
Call: (617) 564-5541