Employers have rapidly adopted student loan repayment programs in recent years. An estimated 4% of employers had a student loan repayment benefit in 2015 and 20% were projected to have one by 2018 (Kilgour, 2017). Offered as an employee benefit, employer loan repayment programs contribute to paying down student loans either by matching the employee's payments or by paying a fixed monthly amount. Research is limited on employee outcomes with employer-sponsored student loan repayment programs because their national expansion is relatively recent. However, these programs are designed to support recruitment and retention of educated workers by reducing the financial burden of employees' educational attainment. This brief explores the potential value of implementing student loan repayment programs to prospective employees and employers depending on the design of the program.