Leveraging Employer Student Loan Repayment Programs with Highway Benefits

Student debt is shaping recruitment and retention across the nonprofit sector. In fact, the 2024 CalNonprofits Student Debt Survey found that more than half of respondents say their student debt makes it difficult to stay in nonprofit work. Join us to learn about Employer Student Loan Repayment Programs with Highway Benefits—an employee benefit that helps pay down student loans, boosts retention, and addresses the student debt crisis. These programs can deliver meaningful savings for employees and tax advantages for employers, making them a smart investment in today’s competitive nonprofit job market.

In this webinar, we’ll cover:
🔹 What is an Employer Student Loan Repayment Benefit? Learn how companies can contribute to employees’ student loans, often tax-free.
🔹 How Does it Work? Explore compliance with IRS Section 127, which allows up to $5,250 in annual tax-free repayments.
🔹 Why Offer This Benefit? Discover the impact on employee retention, productivity, and diversity, equity, and inclusion initiatives.
🔹 Getting Started with Highway Benefits: See how Highway Benefits makes it easy to set up, manage, and stay compliant with a student loan repayment program.

MEMBER PERK: CalNonprofits has partnered with Highway Benefits to help CalNonprofits members easily offer tax-free educational assistance benefits, including employer student loan repayment and tuition reimbursement.  As a CalNonprofits member, you’ll receive a special discount of $500 off your one-time implementation fee when you sign up with Highway Benefits.