Think Student Debt Only Impacts Entry-Level Staff? Think Again.

Student loan forgiveness has become a top conversation point in talent retention—especially for entry-level healthcare workers. But there’s one costly myth still influencing hospital benefit strategies:

❌ Myth: Senior clinicians and managers have already paid off their student debt.

✅ Truth: Many experienced professionals—including nurse leaders, department managers, and tenured clinicians—still carry significant student loan balances.

In fact, a rising number are now taking on new debt to fund their children’s education through Parent PLUS loans, further compounding financial stress in the most mission-critical parts of your workforce.

The Untold Story: Student Loan Burdens Across Generations

When we think of student loan debt, we tend to imagine fresh-out-of-school professionals just starting their careers. But data paints a different picture:

• Nearly 20% of borrowers with federal student debt are age 50+
  
• Parent PLUS loans average over $30,000 per borrower
  
• Many nurses and clinical managers still have loans from advanced degrees (MSN, DNP, MPH)

These professionals may have refinanced, entered income-driven repayment plans, or are quietly navigating Public Service Loan Forgiveness (PSLF)—often without employer guidance or resources.

Why This Matters to CFOs

The healthcare workforce is at a breaking point. Clinical managers and seasoned nurses often carry the heaviest workload, play essential roles in training and retention, and are more difficult and expensive to replace.

Student debt only adds to the pressure—especially when it's silently impacting your top performers.

Without the right support, these employees:

• Consider early retirement to avoid compounding debt
  
• Seek roles at better-funded systems with student loan repayment benefits
  
• Delay savings, leading to long-term financial stress and disengagement

Multi-Generational Financial Wellness Starts with Student Loan Relief

CFOs already know that attracting and retaining great talent isn’t just about salary. It’s about benefits that matter—and nothing matters more right now than student debt relief.

Here’s how PeopleJoy helps non-profit hospital systems lead the way:

✅ PSLF Optimization

We help senior employees identify eligible loans, certify prior service, and correct missteps that could delay forgiveness.

✅ Parent PLUS Strategy

Through loan consolidation and smart repayment planning, we help mid-career parents qualify for PSLF, even on loans taken for their children.

✅ Personalized 1:1 Coaching

No chatbots. Real advisors create custom roadmaps, especially valuable for complex cases involving decades-old loans or layered repayment histories.

✅ Turnkey Implementation

PeopleJoy integrates with your existing benefits platform, requiring minimal administrative lift from HR or finance.

A Real Story: Senior Nurse, Real Forgiveness

After decades in nonprofit healthcare, one nurse manager came to PeopleJoy with $78,000 in Parent PLUS and graduate school loans. She had never submitted a PSLF form, assuming she wasn’t eligible.

PeopleJoy:

• Certified 14 years of nonprofit employment
  
• Enrolled her in an IDR plan
  
• Submitted her PSLF application

💥 Within 8 months, her full loan balance was forgiven.

Don't Overlook the People Holding It All Together

Your most experienced team members may not be asking for help—but that doesn’t mean they don’t need it. They’re coaching new hires, managing departments, and keeping patient outcomes high—often while juggling six figures of student debt.

Financial wellness isn’t a young person’s issue. It’s a workforce-wide imperative.

✅ Want to retain your best people—without breaking your benefits budget?

PeopleJoy delivers turnkey student loan forgiveness and repayment support for hospitals just like yours.
Let’s create a multi-generational solution that keeps your staff loyal, engaged, and debt-free.

📞 Call us at (267) 310-2723🔗
‍Request a demo today and see how easy it is to launch.