Employee Education Benefits

Help your employees reach their financial and educational goals

Lifetime Benefit Solutions can help take away the administrative burden from you, so that you can focus on other core duties at your organization. With Employee Education Benefits from LBS, you can differentiate your benefit offerings and measure the impact of your programs to demonstrate a true return.

Offer an Employee Education Program

Many employers are faced with a post-pandemic retention issue. Experts are predicting turnover that would typically take two years to come all at once. Now, more than ever, it’s imperative to attract and retain employees. For employees, with tuition and student loan debt continuing to rise, benefits that address these concerns will continue to gain value. The CARES Act temporarily expanded educational assistance that employers may offer under an educational assistance program, tax-free, to include student loan reimbursement until January 1, 2026*.

Reasons to offer Employee Education Benefits

Fits all Sizes and Budgets

There’s a solution for every budget. Employers are often hesitant to add programs as they are deemed too expensive. However, there are many options to create a student loan or a tuition reimbursement program that not only works for your employees, but for your bottom line.

Your Competitors are Doing it

Don’t lose out on good talent because of benefits. Employers are developing innovative programs to help ease the financial burden of education – and prospective employees are taking notice of that in their overall benefits package.

Financial Wellbeing

Having a student loan repayment option or other type of financial wellness program added to the benefits offerings will help give your employee’s peace of mind. Both employers and employees have reported higher satisfaction with their benefit plans when financial wellness is offered.

Tax Deduction

Education benefits can be affordable for employers. When administered properly, benefits that cover educational costs can be tax-free for the employee and remain a business deduction for the organization.

What we offer

LBS will create or adminster your employee education benefit program – built to fit your needs.

Tuition Reimbursement Program

LBS acts as a third-party administrator to support your company’s tuition reimbursement program, freeing up more time for you to spend elsewhere.

Student Loan Repayment

Make regular contributions to employee student loans with a program that is easy to manage.

Why LBS for your Employee Education Benefits

Your Dedicated Team

You’ll have a dedicated team surrounding your HR needs that is available and accountable. Surrounded by a dedicated Client Service Consultant, Line of Business Support Team, Subject Matter Expert and your Sales Executive, we have you covered.

Sophisticated Reporting and Digital Tools

Intuitive portals and powerful, yet easy, reporting tools providing you with insights, not just data.

Expertise and Guidance

We get it, you have a lot on your plate. Your dedicated team of experts is an extension of your workload. You get the shared knowledge and resources of a partner with more than 50 years’ experience and the personal attention you expect.

We do all the work, you take all the credit

Lifetime Benefit Solutions offers administration and management of your Tuition Reimbursement Program and/or your Student Loan Repayment Program. If you already have a program in place or are looking to implement one, we provide trusted, expert advice and administration to ease the burden and maintenance of employee education benefit options.

If you already have a program in place:

Take the administration of the program off your hands
Manage and respond to employee questions
Provide employees with visibility into the program through our member portal

If you need to build a program:

Share common program designs
Assist with the documentation needed to begin a program
Assist with communicating the program to your employees.

Take the first step towards savings

Request a Quote

*Student loan reimbursement through employer educational assistance programs is currently tax-free only through December 31, 2025, unless extended by Congress.

Note: LBS is not a law firm. This material is for informational purposes only and does not constitute legal or tax advice. State laws may vary with respect to employee education benefits. Please consult with your own legal counsel or tax advisor for the legal and/or tax requirements that may apply to you or your employees.