These 30 companies will help employees pay off their student loans

0
19


Federal student loan payments, most of which were paused during the pandemic, are set to resume in September.

And yet, 93% borrowers say they are not financially prepared to restart payments, according to a survey by the Student Debt Crisis Center and Savi. With no break in sight for rising prices, many Americans are simply stretched too thin, other studies show.

The Biden administration is currently deciding how to proceed with student loan forgiveness, and there are signs that the repayment pause may be extended yet again. But in the meantime, more employers are offering to help.

More from Personal Finance:
What we know about student loan forgiveness
Here are the ‘most employable’ college degrees
5 things borrowers can do while they wait for loan forgiveness

About 8% of employers offered student loan debt assistance in 2021 but 33% were considering adding it, according to the most recent data from Willis Towers Watson, a compensation consulting firm.

“There’s a lot of interest across the board,” said Lydia Jilek, Willis Towers Watson’s senior director for voluntary benefits. “A greater swath of the population has student loan debt than many people think.”

“It continues to be a benefit of significant interest and value for employees as well as employers,” she added.

Remote-friendly companies offering student loan help

Meanwhile, many Americans also want to continue working remotely instead of going back to the office, at least some of the time. A Prudential survey found that financial stability, job benefits and a better work/life balance are top priorities going forward.

To that end, FlexJobs identified 30 companies — now hiring — that offer student loan repayment assistance as well as the ability to work-from-home. 

Many of the employers on the list will provide a monthly payment towards student loans, while others make yearly contributions. The payments range from $50 to several thousands, usually with a maximum lifetime benefit, and may depend on full-time or part-time status, according to FlexJobs. 

  1. Abbott
  2. Aetna
  3. American Family Insurance
  4. Ameritas
  5. Atticus Law
  6. BAM Communications
  7. ChowNow
  8. CommonBond, Inc.
  9. Crossmedia
  10. Evercommerce
  11. Fidelity Investments
  12. Google
  13. GumGum
  14. HCA Healthcare
  15. Homesite Insurance
  16. Live Nation
  17. Main Street Bank
  18. Medix
  19. New York Life
  20. NVIDIA
  21. Parallon
  22. Peloton
  23. PricewaterhouseCoopers
  24. Pure Insurance
  25. Real Chemistry
  26. SoFi – Social Finance
  27. Teachable
  28. The Hartford
  29. Vituity
  30. Weedmaps

Subscribe to CNBC on YouTube.



Source : CNBC