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Medix: Offers monthly contributions to student loan repayment. New York Life: Gives employees up to $170 per month for up to five years for student debt. Eligible workers can reduce their debt by ...
As a student loan company, CommonBond’s efforts to help employees pay down their student loan debt feel natural. In 2015, the company began offering up to $100 per month in student loan ...
Story at a glance Student loan debt is the second-highest consumer debt category after mortgages, with the U.S. holding $1.7 trillion in outstanding loan debt. At least 30 companies offer a ...
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...
There are approximately 5.6 million former students currently in default, meaning their loans are at least 270 days behind on payment, who could be immediately affected when collections crank back ...
The trend of heavy debt burdens threatens to limit access to higher education, particularly for low-income and first-generation students, who tend to carry the heaviest debt burden. Federal student aid policy has steadily put resources into student loan programs rather than need-based grants, a trend that straps future generations with high ...
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