✨We’re very excited to announce Summer’s partnership with Hurley Medical Center!✨ Hurley aims to offer best-in-class employee benefits and this partnership is a critical component of their plan. Following the Great Resignation during the pandemic, hospital systems and medical centers are continuing to look for solutions that keep their employees engaged and loyal to their institutions. A financially healthy employee is a happier, more engaged employee. Medical professionals have been hit hardest by skyrocking education costs and the recent resumption of student loan payments. Most medical institutions see student debt impacting over 50% of their employee base, and another 30% on average are planning on covering college costs for their children. This issue is both pervasive and runs deep, with an increasing number of medical professionals owing over $100,000 in student loans, with loan payments over $10,000 per year. Consequently, federal programs like Public Service Loan Forgiveness (PSLF) are critical to integrate directly into the HR unit, both as a seamless solution to reduce administrative costs and potential mistakes, but also as part of the employer’s talent recruiting efforts We’re excited to see Hurley establishing itself as an early leader in leveraging this solution for employees 👏
🔥 Big news! Hurley Medical Center is the latest employer to partner with Summer and introduce student loan and college cost benefits to its employee base! Hurley Medical Center, a leading teaching hospital in Flint, Michigan, is working with Summer to make it easier for its employees to enroll in programs like Public Service Loan Forgiveness and Income-Driven Repayment as benefit at no cost to employees. The impact? A big boost in employees’ overall financial wellness, big savings on their monthly payments (and even eventual forgiveness for those eligible), and support for Hurley’s talent attraction & retention initiatives. Learn more in the release linked in comments, or reach out to Summer today.
