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Student loan repayment benefits offered by employers are slowly increasing in popularity. And thanks to the Consolidated Appropriations Act of 2021, employers can now provide student loan ...
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.
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]
As CNBC reported, a 2021 study from the Employee Benefit Research Institute found that close to 50% of the 250 companies it surveyed either already offered a student loan debt assistance program ...
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