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U.S. student loan debt reached a record $1.6 trillion in 2020, according to an article in Forbes from February. This accounts for 45 million borrowers, making student loan debt the second highest consumer debt in the U.S. — topped only by mortgage debt. Employers are taking notice. To attract and retain talented workers, a small but growing number of employers are offering student loan repayment plans (SLRPs).
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