8 companies that help pay off student loans and let you work from home
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If you have student loan debt, you may be able to get help paying it down through your employer — or find one that does.
More than 44 million Americans are weighed down by student debt, owing a collective $1.7 trillion.
Now as the “Great Resignation” gains steam and workers look for new jobs, employers are trying to find ways to attract and retain talent. You can also work remotely or get help with loans. Below is a listing of employers that offer these benefits and are currently hiring.
Federal student loan payments, most of which were paused during the pandemic, are set to resume in January.
Toni Frana from FlexJobs, a Destin-based career coach, said that it is crucial for employers to reach employees at their level and offer benefits that are meaningful and valuable.
According to the 2021 Employer Financial Wellbeing survey, only 17% of employers currently offer student loan assistance. Another 31% intend to.
About 70% of employers reported that employee participation in this benefit has increased over the past two years.
Here are eight companies that are helping employees pay down student loan debt and also offer work-from-home positions, according to FlexJobs. Payscale provides the average base annual salary, except where noted otherwise in job postings.
Employees of this health-care research company based in Abbott Park, Illinois, can divert the 2% minimum contribution they would normally have to make to their 401(k) plans to get the 5% match to instead pay off their student loans. Employees still get the 5% contribution to their 401(k).
CommonBond, a St. Paul, Minnesota-based online lender that provides student loans and student-loan refinancing, provides up to $100 per month towards student loans, with no lifetime cap, for its employees.
The Boston-based financial services company provides eligible employees a maximum of $2,000 a year and a lifetime maximum of $10,000 towards student loans.
New York Life contributes $170 monthly, over five years, towards student loans in good standing. While they are enrolled, employees may reduce their debts by as much as $10,200.
Parallon, headquartered in Nashville, Tennessee, is a division of HCA Healthcare, which provides $100 a month for student loans of eligible full-time employees and $50 a month for part-time workers. Unknown lifetime maximums apply.