As companies struggle to hire and retain workers during a nationwide labor shortage and waves of post-pandemic turnover, some are offering to help pay off one of the biggest debts many young people owe: their student loans, the Boston Globe reported. Even before the pandemic, interest in student loan repayment programs was rising among employers, said Craig Copeland of the Employee Benefit Research Institute. Now in a historically tight labor market, more companies are looking at student loan relief as an offering to woo workers just like health insurance, transit passes, and gym memberships.
