Student Debt and Health Care Worker Turnover

As hospital HR leaders search for talent retention strategies for 2023 and beyond, student loan benefits are emerging as a winning strategy. Why? A survey from American Student Assistance found that three in four professionals say student loan tools would increase their commitment to their employer. And because most health care workers carry high amounts of student debt and face significant negative impacts (student debt is linked to higher rates of depression among physicians, and half of nurses say their college loans are their top financial concern), hospital employees are especially in need of support.

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