Have you graduated? Do you have an unpaid student loan? Find more about employers who’ll help you pay off your student loans. Also read through the other options available if you are not granted a repayment assistance.
More than 90% of the students, who graduate from a university, bear the burden of student loan debt. More than the joy of earning a degree or winning a job, what impacts the youth today, is the heaviness of the student loans that they are supposed to pay back. On an average $32,731 is paid off by a graduate in student loans. If these loans remain unpaid for several years, then most of the major milestones of life including a new hgome, retirement savings, and starting a family will be shadowed by the thought of the heavy debt that you have in your life.
Considering this as a mode to attract employees, most companies add student loan repayment assistance as a perk to the remuneration that they offer. Some organizations help in student loan repayment. As a very small percentage of the companies offer the benefit, it is a relatively untapped market.
A typical student loan repayment program offers $100 a month. However, there are other companies such as the First Republic Bank, that offers $100 for the first month, $150 for the second year, and $200 for the third year and beyond. There are even technology companies that offer $450 a month. Read the rest of this entry »