Columbus, Ohio – Campbell Street Senior Living today announced it will be offering a student loan benefit, powered by Dolr, to help employees repay their loans.
Greg Seeger, President of Campbell Street Senior Living, said “Providing the necessary care to our patients can only be achieved by hiring team members with both experience and education. We believe investing in our employees is a necessary path toward helping improve the lives of our patients and our team members. This program invests in our team members to allow for a path of longevity with the company. Dolr makes it easy for us to help our employees alleviate the financial burden of student loan debt to help pave a path toward financial freedom.”
Student loan debt has more than doubled since 2008, becoming the second largest source of household debt (second only to mortgages). As a result, 73% of millennials have delayed a major financial milestone like home buying, having children, and marriage.
Naveed Iqbal, CEO at Dolr, said “We are very pleased to be partnered with Campbell Street Senior Living to bring their employees this much needed benefit. It is especially rewarding when we can make an impact in the lives of the people who are at the forefront of providing care for our senior citizens. By offering this benefit, Campbell Street is demonstrating how much they truly care about their employees’ wellbeing.”
Recent legislative updates allowing tax-free, employer-sponsored payments to employees’ student loans have many companies considering the new benefit as a way to recruit and retain talent.
Lori Baranowski, Chief Nursing Officer at Campbell Street Senior Living had this to say, “Turnover is high in our industry and Dolr has given us the edge to stay ahead and provide the consistent and quality care our clients are accustomed to. Implementing the benefit across all of our facilities was simple and the support from the Dolr team has been remarkable.”
Student loan repayment assistance is the most requested and desired benefit after health benefits and paid time off. Many benefits leaders believe this will be a key differentiator for companies in the senior care industry for top talent attraction and retention. The partnership between Campbell Street Senior Living and Dolr is expected to provide more engaged employees, less turnover, and reduced financial stress.
About Campbell Street Senior Living
We have been providing exceptional property management services since our founding in 2018. Over the past three years, the seniors healthcare industry in the United States has seen its most difficult challenges. From navigating a global pandemic and the Great Resignation, all while simultaneously dealing with rapidly increasing costs, operating in this environment took incredible mental fortitude, especially as we head into a significant increase in the 85+ age cohort over the coming decades. The success of Campbell Street Senior Living has everything to do with formidable leadership and the amazing people who created a strong corporate culture throughout the pandemic.
About Dolr
Dolr is a Columbus, Ohio, based company focused on accelerating its members to $0 student debt. By surrounding people with the help they need to overcome their biggest financial burdens, Dolr helps employees navigate their loans and find new sources of extra cash for their monthly payments while offering a low-overhead, seamless, and integrated experience for employers. Dolr connects its members with cash for extra student loan repayment from where they work, the brands they shop at, and their communities.