When you are looking for a new job, you are probably already looking at standard benefits such as salary and health care and retirement plans. However, some companies provide an additional incentive: they will help you pay your student loan.
This is a rare perk, though. According to March 2023 only 5% of the workers had access to student loan repayment benefits programs, American Labor Statistics Bureau,
You can still find out how to fit student loan payment in your budget after five years of stagnation. If you are looking for ways to invest more money towards your student loan loan, consider focusing on the discovery of your job on companies that help employees pay their loans.
10 companies that provide students loan reimbursement benefits
Although some big names like target, walmart and Amazon offer tuition programs that will help current workers to earn their degrees, they will not do much benefits if you are not in college.
If you have already graduated, consider looking for career opportunities in these companies that will help accelerate your repayment plan.
Adidas
Adidas will chip for any employee for a student loan payment in $ 100 per month, which works at least 30 hours per week. The company confirmed the CNET that it would pay up to $ 1,200 per year.
Adidas does not specify a maximum amount of a lifetime that is ready to contribute, and takes a little time to kick in profit: you have to stay there for an entire year before making you worthy. However, all workers, from corporate to distribution-center employees, can avail the repayment scheme.
friends
We have written a lot about the colleague from a consumer’s point of view-I have an account there because the bank continuously provides one of the top high-high-saving savings rates. It turns out that the allies are also a good place to work.
Company Student loan reimbursement program Help offer up to $ 100 per month, with a maximum of $ 10,000 throughout his life. Additionally, if you are saving a child for college education, the company will contribute $ 100 monthly to the 529 scheme.
Karhart
However, Karhart, the manufacturer of the work wear, says It offers a student loan repayment scheme For its employees, the company does not share any specific details other than the fact that the program exists.
Loyalty
If you work full time for you LoyaltyYou can get a lifetime assistance of up to $ 15,000 for student loan payments, although it is not clear how much the company pays every month. If you work between 20 and 29 hours per week, the profit is overshadowed at $ 7,500.
Tech veteran Student loan repayment scheme One of the more generous you will find is: every year you have up to $ 2,500 of the fund working there. In addition, there is no lifetime maximum, which is important for anyone with a large student loan.
Live nation
You must have paid some heavy fees to buy tickets through live nation in the past, but now it is their turn to pay you. Live Nation will contribute $ 100 per month to the student loan payment of an employee when the employee worked there for at least six months. However, there is a limit to how long the repayment plan lasts: it ends after five years.
New York Life
New York Life has done a lotStudents of their employees towards loan payments – collectively between 2017 and 2023, about $ 12.4 million, According to the companyEmployees can get $ 170 per month to keep their student loans for up to five years – or over $ 10,000.
Nvidia
Due to AI Boom, NVidia appears about every headline these days. The company also has an attractive Student loan repayment Proposal: up to $ 500 per month. But there are some important warnings: you must have graduated within the last three years and should remain an employee for one year after receiving the payment. The company pays up to $ 30,000 in life aid.
Sophie
Sofi stands as a strong candidate for your banking needs, and it can be even more attractive as a place to work. The company provides $ 200 monthly for employees’ Student loan paymentThere is no mention of any lifetime maximum amount.
Universal music group
After being in UMG for at least one year, the company will start adding $ 100 per month. Student loan paymentThere is no maximum lifetime contribution amount.
401 (K) Matching programs related to your student loan payment
Some companies will not technically pay your student loans, but they will use your payment while determining how much to contribute to your retirement plan.
For example, Walgreens matches your student loan payment with your contribution to 401 (K) – up to 4% of your salary.
Therefore, while it will not technically away in your student loan, it will help you establish for long -term success, which can be difficult if your salary is going into your student loan. The benefit is not immediate, though. It kicks after a year after 1,000 hours of service.
Other companies, such as Verizon And NewsCorpProvide a similar program to some employees.
Ask each potential employer about the loan repayment benefit of the student loan
In this list you should not assume that these are the only companies where you can get student loan repayment perks. Many small businessmen provide programs to help employees to help navigate the challenges of paying college expenses.
An additional hundred rupees may not cost more, but it can add. Consider a borrower with the balance of $ 20,000 on a 10 -year loan with 6% interest rate. Each month adds an additional $ 100 interest to the total savings of more than $ 2,600.
