Sentences with phrase «repayment as an employee benefit»

A relatively new company, FutureFuel.io, is helping companies offer student loan debt repayment as an employee benefit.

The concept behind FutureFuel was to develop technology that would allow employers to easily and efficiently turn on student debt repayments as an employee benefit, which would make it easier for employees to pay down their debt.

Some critics say that offering student - loan repayment as an employee benefit deflects attention from the real problem with these loans: high interest rates.

Not exact matches

As a demonstration of these concepts, SoFi offers an employee benefit of $ 200 per month for financial aid repayment.

These companies offer student loan repayment assistance as benefit to their employees.

Offering student loan repayment assistance as an employee benefit could help with all of those factors.

Some employers are now offering student loan repayment assistance to their employees as an employee benefit.

Since 2006, Boston - based American Student Assistance has offered full - time employees as much as $ 2,400 a year for loan repayment, while part - timers can get a smaller benefit.

The issue has become a major focus on the US presidential campaign trail and the Society of Human Resource Managers this year noted student loan repayment as a growing employee benefit (pdf).

As the student loan debt crisis continues to worsen in the U.S., more and more employee benefit companies are integrating student loan repayment into their bundle of services.

Not - for - profits can also provide cash benefits such as entertainment and loan repayments from pre-tax income, which makes salary packaging attractive to their employees.

Chuck Sulerzyski, President and CEO of Peoples Bank, said: «Gradifi's student loan repayment program helps us attract and retain talent as an added feature in our employee benefits package.

Taylor founded FutureFuel with the mission of making implementation of student debt repayment easy for employers to offer as a key employee benefit.

«We are seeing an increasing number of employers adding student - loan repayment assistance to their benefits programs as a powerful differentiator in attracting and retaining employees,» said Heather Coughlin, solution leader for financial wellness at Mercer, an HR consultancy.

A growing trend in the last few years has been for employers to offer student loan repayment assistance to employees as a benefit.

Among other things, the study found that college educated Millennials are willing to stay 36 % longer in a job and are more likely to accept a job offer if student loan repayment is included as an employee benefit.

When the repayment is made, the employer releases any restrictions on the policy and the employee's named beneficiaries, which can include an ILIT, receive the remainder as a tax - free death benefit.