Want to Pay Down Your Student Loans? These Employers Will Help

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Updated on Friday, April 29, 2016

Pay Down Your Student Loans

What are some of the benefits you’d hope to receive from your dream job?

A good salary?

Decent health insurance?

Paid time off?

Matching 401(k) plans?

How about a student loan repayment plan?

If you never thought that having your employer pay for some of your student loans would be possible in the past, now’s the perfect time to reconsider, as more and more companies are starting to add this perk to their list of benefits in an effort to attract talented workers. According to a recent report by the Society of Human Resource Management, about 3% of companies offered assistance with student loans, but that number is expected to start growing.

If student loan repayment is something that could seriously sway you into a new position, consider the following five companies that offer this perk:

1.Fidelity Investments: Offers up to $2,000 per year, up to a maximum of $10,000 over five years, if you’ve worked at the company for at least six months.

2.PricewaterhouseCoopers: Offers $1,200 per year for up to six years starting in July of 2016.

3.Natixis Global Asset Management: Offers a lump sum of $5,000 towards Federal Stafford or Perkins loans for full-time employees with the company for five years, as well as an additional $1,000 each year for up to five years.

4.Nvidia: Graduates within the past three years could qualify for up to $30,000 in repayment.

5.LendEDU: Offers $200 per month — up to $2,400 per year — towards outstanding student debt.

For a more complete list of employers who are offering student loan repayment to their employees, check out this story.

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