Americans collectively owe nearly $1.5 trillion in student loans — more than twice the total a decade ago. It’s a burden that weighs on millions of adults, shaping their life choices and often stunting their financial growth.
Now a small but growing number of employers are stepping in to help. About 8% of employers offer student loan repayment assistance in 2019, according to the Society for Human Resource Management. That’s up from 4% in 2018 and 3% in 2015.