Hurley Medical Center, a prominent healthcare provider, partnered with Summer to tackle the financial burden of student debt impacting its employees. With a workforce heavily engaged in public service, Hurley recognized the value of Summer’s tools, including guidance for Public Service Loan Forgiveness (PSLF) and Income-Driven Repayment (IDR) plans, to enhance recruitment, retention, and employee well-being.
The Challenge
Hurley Medical Center's employees face significant student loan debt, which has been shown to contribute to financial stress and impact retention in healthcare settings. Despite available federal benefits like PSLF, many employees struggle to access them due to the program’s complex requirements, including employment certification and income-driven repayment stipulations. Hurley sought a comprehensive solution to help employees navigate these challenges and realize substantial financial savings.
Solution
Through Summer, Hurley Medical Center implemented a dedicated benefits program for student loan management and financial wellness, including:
“I’m very happy such a program like this is available to help navigate through all the difficult papers that we have to sometimes do.”
“Much easier than using my student loan servicer website.”
“If I had any questions, I was able to have them answered quickly.”
“I love it. Makes the student loan process less stressful. Their response was quick and helpful.”
Schedule an exploratory call or demo with a product specialist to learn more about how to jumpstart your financial wellbeing initiatives with a digital student loan solution.