Do You Know About Employers That Pay A Student Loan

To attract and retain younger workers, more companies are offering a different type of employee perk: student loan repayment assistance.

Employers typically provide employees a set monthly amount – usually around $100 a month – to help pay student loan bills. These payments are usually sent directly to the employee’s loan servicer.

Since PricewaterhouseCoopers made headlines in September 2015 with its announcement to offer this benefit to its full-time employees, hundreds of other companies and different types of businesses have followed suit, rolling out similar student loan repayment benefits for employees nationwide.