The conversation around the $2 trillion student-debt crisis often centers on learners and institutions, but one of the largest beneficiaries of the education ecosystem—employers—remains dramatically under-engaged in financing solutions. With recent changes to Pell Grants and ongoing debate about the scope of federal aid, a critical question is emerging: when public dollars don’t go far enough, who steps in for working learners?
Despite high demand from 80% of working adults wanting to return to school, traditional employer-education benefits fail to meet it, with only 47% of employers offering tuition reimbursement. Only 40% of employees even know these programs exist, 25% of interested employees start an application, and ultimately only ~2% participate. (InStride; Bain & Co.)
Meanwhile, U.S. companies spend $180B annually on talent development, including $28B on tuition reimbursement, but most of this spend is disconnected from completion incentives, credentialing, and workforce outcomes.
In this panel, we will examine why traditional employer-financing has stalled, why current platforms struggle to scale, and what the next generation of employer-backed financing models can do to meaningfully reduce student debt while addressing employer skill gaps. We will explore:
· How public funding changes are enlarging the market need for employer-backed solutions
· What’s working and not working with existing employer-backed financing
· Why behavior-design, flexibility, and innovative financing are essential to drive enrollment and completion
· What new models can create true win-win outcomes for employers, employees, and learners
This session will illuminate how employer-led innovation can help “finance the future” and meaningfully contribute to solving the student-debt crisis.