Millennials today are uniquely burdened with student loan debt. With large loan balances and limited resources, working professionals are looking for options to improve their interest rates and repayment terms.
of millennials that work have student debt
stated they feel stress related to their student loan debt on a daily basis
spend 3+ hours at work per week thinking about or dealing with personal finance issues
Source:The Surprising Impact of Student Debt on the Millennial Mindset, a study by Laurel Road
Source: Employee Financial Wellness Survey, PwC, 2017
American Osteopathic Association
Attracting and retaining members means delivering benefits that matter to them. Offering student loan refinancing can have a positive effect on your members’ financial future.
Easily incorporate Laurel Road’s student loan benefits into your association’s offerings.
1 Savings example: average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.