How to Ask for an Employer Education Loan Assistance
Does your company offer an employer education loan assistance program? Find out!
The student loan market – and subsequent skyrocketing student loan debt – has influenced the rise in employer education loan assistance programs and so much of today’s economy that it has even become a component in job search and salary negotiations.
Savvy job seekers are asking employers how they can effectively help them pay off student loan debt in addition to conversations about healthcare, pension and work-life benefits. After all, a college degree is an investment in a student as a future employee – so doesn’t it make sense for future employers to help cover college costs too?
[READ: We Need Permanent Student Loan Bureau Fee Waivers.]
Because an employer education loan is a newer trend in work benefits, it can be a little awkward to bring up in job interviews or with a current employer. However, you can push through the awkwardness by talking with your employer about student loan financial assistance with these professional tips from Forbes.
Have a conversation with your boss during salary negotiations.
Don’t wait until it’s time to sign up for benefits to have the conversation about an employer education loan assistance; start the discussion earlier. Ask your employer whether or not this benefit is offered. If they stare at you blankly, explain the benefit – that it’s an increasingly popular benefit that helps current employees pay back their student loans.
Through this conversation, you can, firstly, find out whether or not your employer offers this benefit. Secondly, you may be a huge influencer in helping your company establish this offering as a benefit if they don’t already have it just by introducing the concept.
[READ: How I Made It Through University Debt Free.]
We offer easy to use tools that can help employers to establish Tuition Assistance Programs that are customize to fulfill their specific needs from experience industry professionals at ScholarshipJamaica.com.
Ask about Financial Wellness and advice programs.
Your employer may not offer employer education loan help in repaying student loans, but they still may be able to provide some guidance in how best to manage and pay off your debt. According to Forbes, these programs are two-fold. Financial professionals help to evaluate and analyze your financial situation and then develop a game plan for better money management.
Whatever you do, don’t jeopardize your future by paying for your past. Many employees that are new to the workforce forego their pension benefits to work to eliminate their student loan debt. As noble as this is, it can hurt you in the long run. That’s why talking over your financial wellness with a professional provided by your employer is a benefit you don’t want to miss.
Savvy job seekers and current employees need to make the most of their jobs, both as it concerns their future and student loan debt. That’s why it’s vital that they seek money management benefits at current and future employers. After all, if your employer wants you to invest your life and time into the company, they need to invest in you too with employer education loan programmes.
Need money to pay for college?
Every semester, ScholarshipJamaica helps thousands of students pay for school by matching them to scholarships, grants and awards. We make sure that you are actually qualified for this opportunities.
Sign up today to get started. You will find scholarships like specific employer education loan programmes, the CCRIF Jamaica Scholarships , and easy to enter scholarships liken the Grace Scholarship Fund US$1,000 Awards.
