NACS | Gradifi Employee Student Loan Repayment Program
With the tightest labor market in over 10 years, it is increasingly more difficult to recruit and retain top talent. Today, seven in 10 graduating from college have student loan debt. Nationally, the median amount borrowed for a bachelor’s degree is $26,500. Companies that help to alleviate the financial burden of student debt are viewed as a more attractive employer which can translate into increased recruitment and improved retention rates.
NACS has partnered with Gradifi, an innovator in financial wellness benefits for U.S. employers, as the Preferred Vendor for member stores to offer student loan contributions to employees as a benefit. NACS has been offering student loan contributions to its own employees through the Gradifi SLP Plan® since May 2018, to bolster efforts to recruit and retain top talent. By selecting Gradifi as its Preferred Vendor, NACS is offering its members the same opportunity to compete effectively in today’s tight labor market and help employees with a pressing financial concern. NACS members will receive preferred pricing from Gradifi.
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