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May 19th 2025

Understanding Student Loan Matching Programs

Student loans can hold your employees back—and their retirement savings too. A student loan matching program can change that.

How a student loan matching program works:

  • Employees make their student loan payments.
  • Employers match those payments with retirement contributions.

Why it’s a game-changer:

  • Attract talent: 40% of workers would change jobs for better benefits.[1]
  • Boost wellness: Help employees pay loans and save for the future.
  • Stay competitive: Stand out, especially with Millennials and Gen Z.

Starting in 2025, SECURE 2.0 makes it easier to match loan payments with retirement contributions. Is this program right for your team?

GSA-Student Loan Matching Programs-Guide

 

 

Greenspring Advisors

www.greenspringadvisors.com

One West Pennsylvania Avenue, Suite 500

Towson, Maryland 21204 | 443-564-4600

This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.

©401(k) Marketing, LLC.  All rights reserved. Proprietary and confidential.  Do not copy or distribute outside original intent.

[1] Willis Towers Watson. “2024 Global Benefits Attitudes Survey.” June 2024.

Greenspring Advisors is a registered investment adviser with the SEC. Registration with the SEC does not imply a certain level of skill or training. Information contained herein has been obtained from sources considered reliable, but its accuracy and completeness are not guaranteed. It is not intended as the primary basis for financial planning or investment decisions and should not be construed as advice meeting the particular investment needs of any investor. This material has been prepared for information purposes only and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Past performance is no guarantee of future results.

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