Student Loan Repayment Benefits for Employers: Tax-Free, Talent-Retaining, Turnkey
Help Employees Crush Their Debt - While Boosting Retention and ROI
At PeopleJoy, we make it easy for employers to offer Student Loan Repayment Assistance (SLRA), whether through tax-free contributions under IRS Section 127 or the new 401(k) match provision from SECURE Act 2.0. Our platform handles everything from compliance to communications so you can focus on results.
Why Should Employers Offer Student Loan Repayment Benefits?
Attract and Retain Talent
Differentiate your benefits in today’s competitive market—especially for Millennial and Gen Z employees.
80% of employees say they’d stay longer if their employer helped with student loans.
80% of employees say they’d stay longer if their employer helped with student loans.
Offer a Tax-Free Benefit
Contribute up to $5,250 per year, per employee, tax-free—just like tuition reimbursement. Starting in 2026, this amount will adjust annually for inflation, keeping your benefits competitive.
Drive Financial Wellness & Engagement
Reduce employee stress, improve productivity, and show your commitment to long-term financial well-being.
What Does
PeopleJoy Offer?
Turnkey Student Loan
Repayment Assistance (SLRA)
Support federal and private loan repayment - with no administrative headaches.
IRS Section 127-compliant
Automated contribution processing
Optional 1:1 employee coaching
Works standalone or bundled with tuition reimbursement
Already offer Tuition
Reimbursement Benefits?
Reimbursement Benefits?
Bundle SLRA for a full-spectrum education benefit with zero added complexity.
Secure ACT 2.0: 401(k) Matching
for Student Loan Payments
As of 2024, employers can match student loan payments as if they were retirement contributions—a game changer for financial equity and retention.
Integrate matching into your current 401(k) plan
Stay compliant with IRS/DOL rules
Coordinate with plan administrators
Track loan payments & trigger match contributions automatically
What Does PeopleJoy Offer?
Turnkey Student Loan
Repayment Assistance (SLRA)
Support federal and private loan repayment - with no administrative headaches.
IRS Section 127-compliant
Automated contribution processing
Optional 1:1 employee coaching
Works standalone or bundled with tuition reimbursement
SECURE Act 2.0: 401(k) Matching
for Student Loan Payments
As of 2024, employers can match student loan payments as if they were retirement contributions—a game changer for financial equity and retention.
Integrate matching into your current 401(k) plan
Stay compliant with IRS/DOL rules
Coordinate with plan administrators
Track loan payments & trigger match contributions automatically
Why Do Employers Choose PeopleJoy?
We're not just software, we’re your strategic partner for delivering impactful education benefits.
With PeopleJoy, you get:
With PeopleJoy, you get:
White-glove onboarding for HR and employees
Engagement-driven communications
Advisor access for complex loan scenarios
Ongoing reporting and ROI insights
