12 Companies Hiring Now to Help Employees Repay Student Loans :: WRAL.com

It is estimated that over 43 million Americans have student loan debt with an average monthly payment of $460. It can be a heavy financial burden, but the good news is that your employer can help.

According to a 2019 survey report by the International Foundation of Employee Benefit Plans, 92% of U.S. organizations provide an educational benefit, such as tuition reimbursement and student loan repayment assistance.

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If your current employer does not offer this type of benefit or if you are looking for a new position. If you want to find a job that could help you reduce your debt, the following employers who offer educational programs are all hiring at the time of this writing.

Ally

This digital financial services company offers its employees tuition reimbursement of up to $10,000 per year and a student loan repayment assistance program. Ally currently has vacancies in various career fields, such as accounting, administration, customer service, and technology, including many remote positions.

Global Andersen

Andersen, which provides a variety of tax, valuation and financial counseling services, is providing up to $12,000 in student loan repayment assistance to eligible employees. Regular employees who work at least 20 hours a week can receive $100 a month for five years with a payout of $6,000 at the end of five years. The company has openings in finance, marketing, information technology, human resources and other departments.

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Chegg

The education technology company created its Equity for Education program in 2019. Employees with at least two years of tenure can receive up to $5,000 a year to pay off their student debt. Jobs are available in many fields, such as customer service, human resources, and software engineering.

Estee Lauder

This beauty brand has a student loan contribution program, which offers up to $100 per month and a lifetime maximum of $10,000 for student loan debt. Career areas include retail, research and development, supply chain and more.

Loyalty investments

The financial services firm offers student loan assistance to help employees repay up to $15,000. Career areas currently include administration, customer service, finance, and others.

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Bank of the First Republic

The bank’s Student Loan Repayment Assistance Program provides monthly contributions to help employees who work 20 or more hours per week repay their student loans faster. The company will pay $100 per month in year one, $150 per month in year two, and $200 per month thereafter until the debt is paid off. Job postings include positions in business, finance, technology and more.

Freddie Mac

The mortgage lender will help pay up to $9,000 of an eligible employee’s student loan over five years. Open positions at Freddie Mac include jobs in finance, operations, technology and more.

Google

Google will pay up to $2,500 a year for employee student loan repayments. The tech giant currently has a data center, software engineering, consumer hardware and other openings, with many eligible remote roles.

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Natixis Investment Managers

This asset management company offers a student loan repayment allowance to all of its employees. The employer will pay $83.33 per month directly to the student loan provider, up to $10,000 over 10 years. Currently, the company is hiring in Massachusetts and California.

Nvidia

Nvidia will help repay up to $30,000 in student loans. Employees who have been with the technology company for at least three months and who work at least 20 hours per week and who graduated within the last three years can receive up to $500 per month for student loans from a maximum term of five years. Openings are available in artificial intelligence, automotive, hardware, and other fields.

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Platoon

Peloton offers a program to help employees repay their student loans. In partnership with Gradifi, the company pays $100 per month directly to student loan servicers, which is credited as an additional principal payment against the employee’s outstanding loan balance. Jobs are available in retail, software, logistics and more.

PricewaterhouseCoopers (PWC)

The second largest professional services network in the world, PWC offers a student loan repayment benefit. The company will pay up to $1,200 a year for employee student loans. Entry-level and experienced positions are available in personal finance, technology, data analytics and more.

This story originally appeared on Don’t Waste Your Money. Check out Don’t Waste Your Money for product reviews and other great ideas for saving and earning money.

About Judith J. George

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