In today’s environment, you need meaningful incentives to help
retain employees and attract new ones.
What could be more powerful than offering them a way to help pay for part of a family member’s or loved one’s college tuition?
Saving for college is one of the most important financial goals families are faced with today. But financially, it’s becoming more difficult to reach. The average published tuition at private nonprofit four-year institutions is $35,8301 — and it continues to grow
at an astonishing rate.
working Americans have access to tuition reimbursement, loan repayment or college savings plans through their employer.
employers say improving financial health of their workforce is an important objective — up 15% since 20142.
Here’s how it works:
The great part of the Independence CTB program is that anyone can participate. It allows employees to not only save for children and stepchildren – but also grandchildren, nieces, nephews and Godchildren too. There’s virtually no limit to whose goals they choose to support.
7 in 10 parents plan to use some retirement savings and investments to pay for their children’s college education. So there couldn’t be a better time to let employees take advantage of this valuable benefit that can help pay for up to a year’s worth of college tuition. The Independence CTB program not only helps retain and attract employees, it also shows your genuine concern for their financial wellbeing. Which is a powerful value-added benefit for your company, too.
Talk to your Independence Group Benefits Broker to get started today.