For Immediate Release
Troy, MI (June 17, 2019) – Edcor, a national leader in education benefits administration, has been helping HR Professionals increase employee engagement, retention and recruitment for over 38 years through their innovative programming. With a mission to help companies develop a skilled and productive workforce, they’re now looking to tackle the issue of student debt by offering companies a repayment program for their employees.
“Offering these types of programs has shown to be incredibly beneficial to employers, and particularly in helping HR teams fill the skills gap in the workforce, which has been a significant challenge for our clients. When you look at the numbers around student debt, it’s easy to see why this program is so attractive to both existing employees and potential candidates” said Adrienne Way, Owner, President and CEO of Edcor.
Across the United States, there are 44.2 million people with outstanding student loans, adding up to a staggering 1.52 trillion dollars. The burden of this debt often finds its way into the workplace, where employees may need to work a second job, take more sick days, or in some cases apply for medical leave due to physical or mental health concerns.
Edcor’s Freedom program offers student loan repayment assistance to help address this nation-wide issue, seeing it as a critical service offering, particular for the Millennial workforce “There is no doubt the impact of this debt crisis is finding its way into the workplace. Providing a solution for employers to help address the issue was a logical compliment to the services we already offer” concluded Way.
Beyond the Freedom program, Edcor has been a driving force in education benefits administration, becoming one of the only companies to offer the full spectrum of education-related benefits solutions. Plus, Edcor’s customizable and innovative web-based solutions help companies link their education benefit programs with their overall benefits, compensation and learning strategies for the best possible return on investment.
Working closely with businesses and their employees, Edcor meets the need through industry leading patented processes to achieve the highest quality service, innovation, and security.
For more information, visit edcor.com.
Edcor, a woman-owned business, is the benchmark in education benefits administration. For over 38 years our customized service and solutions have allowed Clients to use education benefits programs including tuition assistance and student loan assistance for employee recruiting, retention and development. Additional information can be obtained at www.edcor.com
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