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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
    employees have student loan debt.
    Source: ADPRI
  • 77%
    of organizations are having difficulty recruiting top talent.
    Source: SHRM
  • 49%
    of organizations are having difficulty retaining employees.
    Source: SHRM

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!

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But many employers don’t know where to start!

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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:

  1. Hanson, Melanie. “Student Loan Debt by State” EducationData.org, April 3, 2022.
  2. Based on a 10-year term at 6.8%.
  3. TICAS 2019-2020.

View all States

2 Use our free resources to learn more about student loan repayment assistance.

Student_Loan_By_Sector_Bucket

Student Loans by Sector

Learn the impact of student loan debt by industry sector.

A pair of hands holding a table which displays the Employer's Guid to Student Loan Repayment Assistance

Employer’s Guide to Student Loan Repayment Assistance

Insight + plug-and-play templates make benefit implementation easy!

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ROI Calculator

Estimate how student loan repayment assistance can pay for itself.

Toughest Jobs to Fill

HR professionals share which positions are very or somewhat difficult to fill.

3 Contact Amy for a quick quote or to learn more.

Amy Nelson

Amy Nelson
Sales Director, Employer Markets

Call: (617) 564-5541

Email: anelson@ascendiumeducation.org

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