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Student loan debt: Why employers may want to help payoff college loans

Source Date: 
Monday, August 7, 2017

Employers eager to recruit and retain skilled workers in a tight labor

market have about 1.34 trillion reasons to expand their benefits

package to include assistance in helping employees repay their

student loans.

New work perk: Paying off student

loans  2:52 PM ET Thu, 14 July 2016 | 01:53


2/18/2019 Student loan debt: Whyemployers maywant to help payoff college loans 2/7

That's the mountain of student loan debt being carried on the

financial shoulders of 44 million Americans. And no surprise, the

bulk of those would indeed love for the boss to kick in and help pay

it back.

More than 80 percent of workers with student loans surveyed by

IonTuition said they would like to work for a company that provides

a student loan repayment benefit. IonTuition, a fintech company

focused on services to help borrowers manage their repayments,

mostly surveyed millennials.

"Nothing in life is to be feared. It is only to be understood."
– Marie Curie
“This would be a much better world if more married couples were as deeply in love as they are in debt.”
– Earl Wilson
"There is scarcely anything that drags a person down like debt."
– P. T. Barnum
The road to success is always under construction
– Lily Tomlin
“What I would like to do... once I take care of all my kids' student loans, is buy a red 1965 Mustang and fully restore it.”
– Mike Quigley
"Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans."
– Robert Reich
"If we don't change direction soon, we'll end up where we're going."
– Irwin "Professor" Corey