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Student Loan Reimbursement Programs

Student loan repayment assistance is a benefit in high demand. About 45 million employees have student loan debts and collectively they owe more than $1.64 trillion. The burden of these debts cause many workers to look for employers who will help them pay off their loans.

Many employers that are interested in helping employees with student loans have hesitated, mainly because of tax liabilities. However, due to the CARES Act and the 2021 stimulus package, employers can make up to $5,250 in tax-free payments to each employee with student loans. Employees greatly appreciate their employers’ loan payment assistance. Even a small donation can help them pay off their loan sooner.

The top benefits of Student Loan Repayment Assistance:

  • Retain Employees: 86% of employees would commit to a company for five years if the company offered a student loan repayment benefit
  • Improves Performance and Productivity: Employees can be distracted by the thought of financial burden, offering this program reduces stress
  • Reduces Stress-Related Accidents: 60%- 80% of workplace accidents are attributed to stress
  • Shows Appreciation: 80% of employees would feel more positive and loyal about their employer

 

This month’s guest features Dennis Cash, Director of Strategic Initiatives at Ameritas who will share with us his take on Student Loan Repayment Programs.

 

Details

Date:
Thursday, January 20, 2022
Time:
8:30 am - 9:00 am
Event Category:

About the Speaker

  • Dennis Cash

    Director of Strategic Inititives

    Started with Ameritas on June 26th, 2017 to oversee the development and management of strategic initiatives within the Group Division. Strategic initiatives are defined as initiatives that deliver alternate revenue and profit streams for Ameritas Group Division. Current focus is primarily on BenefitEd and iHear. 1995 Graduate of the University of Nebraska with double major in Management and Marketing. Held a variety of positions in the sales, marketing and operations areas, most recently with Lincoln Industries, a metal finishing company for 13 years. Before that, Dennis worked at Goodyear Tire & Rubber Company for 10 years in various sales and marketing roles in Salt Lake City Utah, Boise Idaho, and Lincoln Nebraska. Served in the Army National Guard for 12 years where he took advantage of one the earliest student loan repayment programs that was available. Contact Dennis: p: 402.309.2448 c: 402.610.2648 dennis.cash@ameritas.com