Medical Society of Virginia Partners with Highway Benefits, a Tax-Free Student Loan Repayment Benefit

Highway Benefits is a turnkey platform that helps facilitate employer student loan repayment and tuition reimbursement benefits. With Highway, companies can design and administer custom educational assistance benefit plans to contribute to their employees’ student loans tax-free. By offering student loan repayments as a benefit, companies can partner with employees in solving the $1.7T student debt crisis, help employees pay off their loans faster, and save them financial stress and money, all while gaining a valuable edge in attracting and retaining top talent.

A student loan repayment (SLR) benefit is an educational assistance benefit that allows healthcare employers to pay back a portion their employees’ student loans using tax-free dollars. Learn more about how it works through Highway.

A tax-free student loan repayment benefit can be more impactful than an equivalent raise for both employers and employees alike. As currently only 9% of companies offer this benefit, healthcare employers at the forefront of the adoption curve will gain a major advantage in attracting and retaining top talent.