Followed only by home debt, student loans account for more than $1.7 trillion in debt in 2021. Despite its rise, many incoming students still reach for the financial vehicle to help them achieve their academic goals. Although the alarm bells are sounding off by some economists who worry we’re in a loan bubble that’s soon…
The student loan debt crisis is impossible to ignore. 1 in 3 working Americans has student loan debt. The stress of paying back loans isn’t just personal — it affects job performance too. These days, graduates want employers to help them with their loans and create plans to pay them off. By the Numbers Student loan debt affects…
Student loans account for almost $1.5 trillion in personal debt. Nearly 50 million Americans carry some form of student loan debt. As these numbers rise, employers are looking for ways to offer student loan assistance. Employees spend an average of $300–400 each month paying down their student loans. If employers help with that burden, they…
The cost of college education continues to rise. Children born this year can expect to pay nearly $500,000 for a private college. For employees with children, the thought of saving for their future is always top of mind. But as college costs rise, so does the stress of paying for it. Many parents want to…
In 2018, over half of American businesses offered financial wellness. Unfortunately, only 35% of employees actually use it. Today, Edukate is partnering with Gradifi to bridge that gap by offering student loan benefits. Often, employees don’t use their benefits because they don’t help in the areas they need most. Student loans affect millions of Americans….