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If you could have student loan debt, you could possibly get assist paying it down by way of your employer — or discover one which does.
More than 44 million Americans are weighed down by student debt, owing a collective $1.7 trillion.
Now because the “Great Resignation” positive aspects steam and employees search for new jobs, employers are looking for methods to draw and retain expertise. Working remotely and providing assist with these loans are a few of the perks. (See a listing under of firms with these advantages which can be hiring now.)
Federal student loan funds, most of which had been paused throughout the pandemic, are set to renew in January.
“It is important for employers to meet employees where they are and find benefits that will be meaningful and provide value to them,” stated Toni Frana, a Destin, Florida-based profession coach with FlexJobs.
Currently, 17% of employers provide student loan debt help and one other 31% plan to supply it, in line with the Employee Benefit Research Institute’s 2021 Employer Financial Wellbeing Survey.
About 70% of employers stated worker engagement within the profit has elevated since 2020.
Meanwhile, many Americans wish to proceed working remotely as a substitute of going again to the workplace. A Prudential survey this spring discovered a whopping 87% need the flexibility to proceed to work at home.
Here are eight firms which can be serving to workers pay down student loan debt and likewise provide work-from-home positions, in line with FlexJobs. The common annual base wage is courtesy of Payscale, except in any other case famous within the job posting.
Employees of this health-care analysis firm primarily based in Abbott Park, Illinois, can divert the two% minimal contribution they might usually should make to their 401(okay) plans to get the 5% match to as a substitute repay their student loans. The worker nonetheless will get the 5% contribution of their 401(okay).
Current job listings embrace: senior enterprise analyst (common annual base wage: $86,107) and senior regulatory affairs specialist (common annual base wage: $89,212.)
2. American Family Insurance
CommonBond, a New York-based on-line lender that gives student loans and student-loan refinancing, offers as much as $100 monthly in direction of student loans, with no lifetime cap, for its workers.
Current job listings embrace: DevOps engineer (common annual base wage: $96,624) and compliance supervisor (common annual base wage: $79,307.)
4. Fidelity Investments
The Boston-based monetary companies firm offers eligible workers a most of $2,000 a 12 months and a lifetime most of $10,000 in direction of student loans.
Current job listings embrace: principal content material strategist (common annual base wage: $62,350) and funding options consultant (common annual base wage: $45,212/ 12 months.)
5. New York Life
New York Life contributes $170 month-to-month, over 5 years, in direction of student loans in good standing. Employees can scale back their debt by as much as $10,200 whereas enrolled.
Current job listings embrace: implementation supervisor (common annual base wage: $74,270) and senior affiliate – enterprise analytics advisor (common annual base wage: $86,10.)
Parallon, headquartered in Nashville, Tennessee, is a division of HCA Healthcare, which offers $100 a month for student loans of eligible full-time workers and $50 a month for part-time employees. Undisclosed lifetime maximums apply.
Current job listings embrace: coding high quality reviewer specialist (common annual base wage: $57,312/ 12 months) and coding decision specialist (common annual base wage: $41,910.).