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If you have debt on a student loan, you may be able to get repayment help through your employer – or find one to do it.
More than 44 million Americans are burdened with student debt, which together owe $ 1.7 trillion.
Now that the “Great Resignation” is gaining traction and workers are looking for new jobs, employers are trying to find ways to attract and retain talent. Working remotely and offering help with these loans are some of the perks. (See below for a list of companies with these benefits that are hiring now.)
Federal student loan payments, most of which were on hold during the pandemic, are set to resume in January.
“It’s important for employers to meet employees where they are and find benefits that make sense and add value to them,” said Toni Frana, a Destin, Florida-based career coach at FlexJobs.
According to the Employee Benefit Research Institute’s Employer Financial Wellbeing Survey 2021, 17% of employers offer student loan debt assistance, and another 31% plan to offer it.
About 70% of employers said employee engagement in performance has increased since 2020.
Now, many Americans want to continue working remotely instead of going back to the office. A survey by Prudential earlier this spring found that a whopping 87% would like to be able to continue working from home.
Here are eight companies that, according to FlexJobs, are helping their employees pay off student loan debts, as well as offering jobs from home as well. Average annual base salary is kindly provided by Payscale, unless otherwise stated in the job posting.
Employees at this Abbott Park, Illinois-based healthcare research firm can redirect the minimum 2% contribution they would normally be required to make on their 401 (k) plans to receive the 5% adjustment to pay off their student loans instead . The employee still receives the 5% contribution in his 401 (k).
Current job openings 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
CommonBond, a New York-based online lender that offers student loans and student loan refinancing, provides employees with up to $ 100 per month on student loans with no life limit.
Current job openings include: DevOps Engineer (Average Annual Base Salary: $ 96,624) and Compliance Manager (Average Annual Base Salary: $ 79,307).
4. Loyalty investments
The Boston-based financial services company provides a maximum of $ 2,000 per year to eligible employees and a maximum of $ 10,000 for lifetime student loans.
Current job openings include: Key Content Strategist (Average Annual Base Salary: $ 62,350) and Investment Solutions Agents (Average Annual Base Salary: $ 45,212 / year).
5. New York life
New York Life is contributing $ 170 per month for perpetual student loans over a five-year period. Employees can reduce their debt by up to $ 10,200 while enrolled.
Current job openings include: Implementation Manager (Average Annual Base Salary: $ 74,270) and Senior Associate – Business Analytics Advisor (Average Annual Base Salary: $ 86.10.)
Headquartered in Nashville, Tennessee, Parallon is a division of HCA Healthcare that provides $ 100 monthly for student loans for full-time employees and $ 50 monthly for part-time employees. Unspecified maximum limits for the service life apply.
Current vacancies include: Coding Quality Reviewer Specialist (Average Annual Base Salary: $ 57,312 / year) and Coding Resolution Specialist (Average Annual Base Salary: $ 41,910).
8. Weed maps