5 Corporate Companies Offering Student Loan Forgiveness Hiring Now
Are you agonizing over student loans? According to Student Loan Hero, you’re not alone — in 2018, Americans owed over $1.48 trillion in student loan debt. While that statistic may prompt hyperventilation, also, it has motivated businesses big and small to offer the upcoming popular employee benefit: student loan repayments. Employers see relieving this fiscal burden as an opportunity to draw talent and retain employees, especially millennials and Gen Zers. Read the ins and outs of 12 student loan forgiveness programs for favoured businesses.
1. Penguin Random House
The book publishing firm reimburses workers $1,200 annually for student loans, with up to $9,000 available in subsidies. CEO Markus Dohle clarified to Cision, “With this new benefit for our employees, we have another opportunity to meet our mission and help our workers invest in their futures while also making Penguin Random House a joyful, productive, and rewarding area to work.”
We are hiring For: (CMSD)Creative Marketing Services Director, Full Time Warehouse Associates, V.P. of Facilities, SEO Executive, Customer Service Advisor & more.
The medical insurance carrier matches employees’ student loan payments up to $2,000 annually, offering $10,000 of real help. “By helping ease their financial flow, our workers can easily focus on our mission of creating a healthier world,” says chairman and CEO Mark Bertolini.
We are hiring For Business Program Manager, Case Management Coordinator, Engagement Specialist, Client Service Representative, Senior Project Manager & more.
What Employees Say: “Pay and benefits are great.
3. Live Nation
Matches $100 of student loan payments a month for workers, with a maximum of $6,000 in repayment. Live Nation’s Chief Human Resources Officer Nadia Rawlinson told CBS, ““It’s new, it’s innovative, and it gets out in helping employees realize their life objectives, not just professional targets.”
Hiring For: (DODS)Director of Sponsorship Sales, (SSBA)Senior System and Business Analyst, (DPSP)Digital Planning & Strategy Planner, (SEI)Special Events Intern, (AGM)Assistant General Manager & much more. Casual apparel and everyone feels like family.”
4. Fidelity Investments
loan assistance program, which provides up to $10,000 for workers over five decades, was so successful that the company created a more extensive program to help other companies provide loan repayments. “As a company, we continue to encourage efforts to create student loan debt easier to understand and less of a burden on the current workforce,” Fidelity stated on their site.
They are hiring For V.P. Wealth Management Adviser, Alternative Investment Representative, Portfolio Services Senior Manager, Vice President — Sales, Financial Consultant & much more.
What Employees Say: “Awesome advantages, comfortable working atmosphere. Terrific leap program if you’re college graduates.”
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5. Millennium Trust Company
Since Millennium Trust established its student loan repayment program, 20 per cent of workers have joined the program. “We wanted to make a rewards program aligned with our employee base,” John Samaan, senior vice president and head of human resources, told Investment News. The company didn’t specify what amount it provides in repayment.
We are hiring For: Application Developer, Account Administrator — Incoming Transfers, Accounting Manager, Senior BizTalk Developer, Communications Specialist & more.
What Employees Say: “Millennium has great benefits and competitive compensation. The opportunity here for hard workers is endless.”