Many employers are just beginning to think about ways to help employees pay back their student loans, Lucas said. Some are starting with counseling and education programs, or “just sticking their toes in,” before undertaking something more proactive, she added. Others are starting pilot programs or approaching it on an ad hoc basis.

Moreland said it is estimated the Abbott Freedom 2 Save program will save the firm $5 in hiring, training and health-care costs for every dollar the firm spends on it, although it is too early to determine that now.

EBRI plans to launch further studies to determine what kinds of programs are undertaken by employers and what the return on investment is for them.

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