Employers offering student loan assistance is all the rage these days.
Much like lengthier parental leave and remote work options, companies helping their employees pay down student loan debt is the it-tactic when it comes to attraction, recruitment, and retention. Smart move, employers. After all, there are 40 million Americans with student loan debt, bringing the total U.S. student debt burden to more than $1.3 trillion, the federal government estimates.
While a recent report says that only 4 percent of organizations offer student-debt repayment assistance, a separate survey found that Millennials, the generation with the most student loan debt, value student loan benefits more than previous generations.
Given this, we thought we’d highlight the companies that are hiring like crazy now and that offer student loan assistance. It’s the best of both worlds: a new gig and a way to pay down debt. Raise your hand if that sounds like a win-win!