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.
Many Americans desire to be able to work from home and not have to return to the office. A Prudential survey this spring found a whopping 87% want the ability to continue to work from home.
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.
1. Abbott
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).
Current job listings include: senior business analyst (average annual base salary: $86,107) and senior regulatory affairs specialist (average annual base salary: $89,212.)
2. American Family Insurance
3. CommonBond
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.
Current job listings include: DevOps engineer (average annual base salary: $96,624) and compliance manager (average annual base salary: $79,307.)
4. Fidelity Investments
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.
Current job listings include: principal content strategist (average annual base salary: $62,350) and investment solutions representative (average annual base salary: $45,212/ year.)
5. New York Life
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.
Current job listings include: implementation manager (average annual base salary: $74,270) and senior associate – business analytics advisor (average annual base salary: $86,10.)
6. Nvidia
7. Parallon
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.
Current job listings include: coding quality reviewer specialist (average annual base salary: $57,312/ year) and coding resolution specialist (average annual base salary: $41,910.).
8. 8.
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