Knowing all too well the burden of student loans, Mick and Cory sought out a viable solution to the massive crisis and Highway was born. They decided to start with student loan matching as a benefit as it solved employers’ top concern of workforce retention, while simultaneously addressing one of the US workforce’s largest financial concerns.
If you have federal student loans, chances are you're sweating the start of October. That's because a COVID-era moratorium on loan repayments is due to expire, meaning those bills will once again come due.
The IRS held a webinar to raise awareness about educational assistance programs that companies can use to help employees pay off student loans and other educational expenses.
According to Mick MacLavery, Co-Founder & CEO of Highway Benefits, student loan repayment as a benefit is an effective and efficient piece of compensation that creates multiple stakeholders.