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Key takeaways. Student loan repayment assistance programs can offer employees tax-free benefits up to $5,250. Employer programs offer different types of assistance, including signing bonuses ...
Streaming giant Hulu offers employees $1,200 every year to help them pay off their student loan debt. That’s $100 per month toward the principal balance of your loans, up to $6,000 in total.
In 2019, just 8% of employers included student loan assistance in their employee benefits packages, according to research from the Society for Human Resource Management. Even that was a big step up...
This benefit has grown as education debt has increased. According to the Washington Post, student debt has nearly tripled since the early 1990s and averaged $35,000 in 2015. [2] Only about 3% of companies currently offer employer student loan contributions, according to a survey by the Society for Human Resources Management from June 2015. [2]
Now that the Supreme Court has struck down President Biden's loan forgiveness plan, companies are looking to offer student debt repayment as a benefit.
Paying down student loans can take a real bite out of your monthly budget. For adults working full time and carrying that debt, reimbursements of up to $5,250 a year — or just under $438 a month ...
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