The latest benefits perk: Student loan repayment
BPC Staff Jun 15, 2016 | 4:08 pm
<1 min read time
0 wordsAll Latest News, Banking and Finance, EducationSome companies now are contributing to their employees’ student loan payments, just like they do to their retirement accounts, LA Biz reported. Last year only 3 percent of employers offered the benefit, according to the Society for Human Resource Management, but among them are a few major corporations, including PricewaterhouseCooper and Natixis Global Asset Management. This spring, Fidelity Investments also started offering student-debt relief to nearly 5,000 of its employees, chipping in up to $2,000 per year, with a maximum total of $10,000. According a July 2015 survey by Iontuition, a website that helps students and families manage their education finances, nearly 80 percent of people with student loan debt would like to work for a company that offers repayment assistance.