With the high cost of living, it must be complex to navigate your studies and worry about paying off your student loan. Fortunately, many companies offer student loans so you can continue to pursue your intellectual dreams. It starts with identifying a good employer to pay off your debt. In the long run, the employer sees the student loan repayment plan attracting top talent. Here are ten top companies that offer student loan repayment.
According to Forbes, Peloton offers a special student discount program offering discounts to students, healthcare workers and the military. It merged with Gradifi in 2017 to provide reliable loans by creating an app offering instructor-led classes for $12.99 per month. The good news is that it significantly reduces the monthly price, allowing students to pay $6.99 per month. Healthcare workers and teachers will pay $9.00 per month, while military employees and their employees will pay a flat rate of $9.00. The app works on Android and iOS devices.
Aetna is one of the largest healthcare service companies, delivering complex to basic healthcare education needs. When you enroll in this company’s student aid program, you can access student health centers, local hospitals, and more than 1.2 million providers in its nationwide network for convenient care. According to the bank rate, Aetna operates on a student health service and chief medical officer model, helping employed students repay loans of up to $2,000 per year. Submitting a claim for reimbursement with Aetna Student Health is accessible. Log in to the website and click on the “contact us” function before sending a message from the drop-down menu. After that, submit the requested information and attach a copy of your receipt.
Hulu is a streaming company that helps thousands of students repay their loans in the United States. He partners with Tuition.io to help his employees pay up to $100 per month for their student loans. The maximum loan repayment limit is $6,000. The only condition to be met is to be employed for at least one year. After completing the one-year grace period, you will be made active to pay the minimum of your loan. If you are a new Hulu subscriber, you must first visit the website on your mobile or web browser to create an account. The SheerID will ask for your additional information to verify your student status, after which you can charge for information and start streaming.
Finding information online is accessible through Google, but one of the company’s most important initiatives is a student reimbursement program for more than 100,000 employees. The Student Loan Repayment Program was launched in 2021, offering each employee a match of up to $2,500 in student loans per year.
One of the largest financial advisory firms offering student loan repayment to individuals and businesses is Andersen Global in conjunction with Gradifi, a student repayment initiative. To qualify for the Student Loan Repayment Assistance Scheme, you must have worked at least 20 hours per week and been in the business for at least one month. The initiative guarantees up to $12,000 in student loan repayment and $100 per month. After working with the company during this time, they will offer a lump sum of $6,000.
According to Student Loan Hero, Chegg is an educational services company listed among student loan repayment assistance programs. It doesn’t matter if you are still a student or a recent graduate. The company will still offer two-year and four-year assistance programs. Whether you are a manager or an entry-level employee, Chegg will offer an annual loan repayment plan of up to $5,000 per year. A vice president and director will receive $3,000. If you want to continue your education, the company will also offer you a tax-free refund of $5,250.
4. Estee Lauder
If you’re pursuing your education in beauty or anything related to it, you might want to work with Estée Lauder, in hopes of paying off your student loan. The company launched the aid program in 2018, promising employed students $100 a month. The limit is $10,000 in total student loan repayment. Whether you are still in school or planning to continue your higher education, the company will help you reimburse your tuition fees. The only way to determine if you are eligible is to contact the company directly.
3. First Republic
In 2016, the First Republic, a creation and wealth management company, launched its first student loan repayment assistance program. As expected, the company merged with Gradifi to help students repay their loans. To get started, apply for a job with the company, after which you will receive up to $100 per month. The longer you continue to work with the private bank, the more your reimbursement increases. You can get up to $200 per month. The business continues to repay the loan until it is fully repaid.
Kronos is a software company that helps companies manage their human resource departments. Like other companies on this list, it has partnered with Gradifi to help student employees repay their loans and tuition fees. To qualify for tuition reimbursement from this company, you must first ensure that your course matches their offerings. The only way to do this is to contact the company’s benefits department.
1. Living Nation
Live Nation is a company providing live event and ticketing services. Since its launch in 2017, it has also offered student loan repayment assistance to eligible employees. According to Student Hero, the company provided student loan assistance of up to $4 million, with employees receiving $100 per month. The maximum lifetime benefit a student working with Live Nation can get is $6,000 per month.
These are the ten companies you should focus your interest on when it comes to student loan repayment assistance. So if your current employer doesn’t offer this feature, ask your HR department or manager if it’s practical to add this new benefit. This helps you pay off your debt sooner and gives your business the leverage it needs to attract talent from potential employees.