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Offering student loan payment assistance a ‘no brainer,’ benefits manager says

  • 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.

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