The Following are references to the quotes and statistics included throughout the website which can be credited to the applicable source listed.
64% of younger workers indicated they are stressed about their finances
46% spend 3 or more hours per week dealing with personal finances at work
63% are unable to handle an unexpected medical bill of $1,000
67% of student loan holders are age 39 or younger (29.5 million)
3rd most important benefit ranking of student loan debt relief behind health insurance and 401(k) match
86% of millennials would stay with an employer > 5 years if student loan relief benefit was offered
For an employer with a workforce of professionals whose average age is under 50, just under 30% of your employees are likely to hold student loan debt.
70% of American workers report that financial stress is their most common form of stress
89% of Americans have incorrect information on their credit report, lowering their credit scores.
63% of individuals are unable to handle an unexpected medical bill of $1,000
700 million identity records were breached in 2016 alone.
44 million Americans are saddled with an average of $37,000 of student loan debt and 29.5 million are under age 39.
Savings average $343 per month and 79% reduction in payment
70% of customers qualified for potential debt forgiveness averaging $31,000
$1.3 trillion of debt can be attributed to student loans and 25% of individuals are either delinquent or in default.
Monthly payment reductions of up to 40% with average savings of $15,270
71% have indicated a preference to speak to someone on the phone to help make informed benefit decisions
In 2016, only 14% of employers had a budget approved for any financial wellness benefits.
loans to save an average of: $343 per month
American Student Association
American Student Association
NYFed and USBLS
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StuLo is an employee benefit and association-member benefit program focused on: financial wellness, student loan debt relief, and credit repair services. The benefit program takes a wholistic approach to providing a financial wellness benefit for all employees and members—not just a benefit to help student loan holders only. The aggregation of financial related benefits include: general financial coaching and online tools, concierge services to help with federal student loan consolidation enrollment, private student loan refinancing marketplace, concierge services to help with credit repair, accident insurance, identity theft security, and other financial related insurance benefits and non-insurance services. As an alternative to an employer-funded student loan repayment assistance benefit, StuLo provides significantly more benefit value at little to no cost to the employer or association.
The vendor companies presented as part of the StuLo benefit offering are contracted to provide their services to individual StuLo members as independently owned and operated entities. The vendor companies are neither affiliated with, nor are they responsible for the services provided by Student Markets Group, Inc. or any other vendor company, in any way. Each independent vendor company represents and warrants only the services specific to their individual company’s offering as provided in the terms and conditions of their member services agreement.
StuLo and its vendor partner companies are private companies that are not a branch of or affiliated with the Department of Education nor is it endorsed by any Federal, State, or Local government agency. Similar to filing a tax return, individuals can file a student loan consolidation application directly with the Department of Education, without professional assistance, and without charge.
Accident Insurance is underwritten by FEDERAL INSURANCE COMPANY, a Chubb company. This information is a brief description of the important features of this insurance plan. It is not an insurance contract. Coverage may not be available in all states or certain terms may be different where required by state law. Chubb NA is the U.S.-based operating division of the Chubb Group of Companies, headed by Chubb Ltd. (NYSE:CB) Insurance products and services are provided by Chubb insurance underwriting companies and not by the parent company itself.