Applied Materials increased its student loan repayment program for employees from $2,000 to $4,800 per employee annually due to positive outcomes.
Employers like Fidelity Investments and eBay are offering assistance by either directly paying student loans or offering matching contributions to 401(k) for employees making loan payments.
Companies find offering student loan assistance a beneficial recruiting tool and a way to support employees in need after the passage of the SECURE 2.0 Act.
The Walt Disney Co. also implemented a matching contribution program to assist employees in paying off student debt, emphasizing the importance of supporting those in need.