Iowa Student Loan launches loan repayment benefit for employees
BPC Staff Jul 13, 2018 | 7:41 pm
1 min read time
148 wordsAll Latest News, Banking and Finance, EducationIowa Student Loan announced that it has begun offering a new benefit providing each of its more than 200 employees a $25 monthly contribution that can be directed toward either student loan repayment or a college savings 529 account. The nonprofit student loan services company is also making the same benefit available for other employers to offer through its newly launched College Finance Benefits product through Aspire Resources Inc. Mary Bontrager, executive vice president of talent development with the Greater Des Moines Partnership, said Iowa Student Loan is leading the way in a growing national trend in which employers are providing college repayment benefits as a way to attract and retain top talent. Nationally, only 4 percent of employers offer student loan repayment benefits, according to the Society for Human Resource Management’s 2018 employee benefits report. For more information about College Finance Benefits offered by Aspire, visit www.AspireResourcesInc.com.