Employer-Sponsored Student Debt Repayment

12 Pages Posted: 22 Mar 2021

Date Written: March 11, 2021


This study investigates the welfare implications of allowing workers the option to dedicate their employer-sponsored retirement benefits to the repayment of their student debt. Using a partial equilibrium model, I find that this policy allows for increased consumption while young, while reducing repayment time by approximately 4.5 years. I estimate that the value of this policy to the median male graduate from the 2016/17 Baccalaureate and Beyond Longitudinal Study would be $7,401.60.

Keywords: Higher Education, Student Loans, Employer-Sponsored Benefits

JEL Classification: D14, I22, M52

Suggested Citation

Kelly, Mark, Employer-Sponsored Student Debt Repayment (March 11, 2021). Available at SSRN: https://ssrn.com/abstract=3808878 or http://dx.doi.org/10.2139/ssrn.3808878

Mark Kelly (Contact Author)

Baylor University ( email )

P.O. Box 98003
Waco, TX 76798-8003
United States

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