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Address student loan debt to attract, retain workers, research suggests

  • Student loan debt significantly influences employee decisions to accept a job offer or stay with their current employer.
  • A survey found that 62% of private sector employees and 56% of public sector employees consider their student loan debt before accepting a job offer.
  • Only 34% of employees with student loan debt in the private sector and 39% in the public sector are likely to stay with their employer.
  • Employers may benefit from subsidizing skills development or providing financial education to help employees manage their student loans.

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