As employers work to create a more diverse and inclusive workforce, student loan benefits can be a critical component to closing the diversity gap and helping marginalized workers meet major milestones in their lives.
Student debt is disproportionately held by underrepresented employees. Black graduates owe an average of $25,000 more in student loan debt than white college graduates, according to research from EducationData.org, a resource for information on the U.S. education system.
