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Only 4% of businesses offer student loan assistance.
- National student debt is at an all-time high of nearly $4.
- While many companies provide $4, some businesses have found more creative ways of keeping their employees out of debt.
- Some of these policies include trading vacation days for student-loan relief and offering special signing bonuses.
- $4
With student debt higher than ever in America, companies are finding unique ways to help their employees out of the student-loan hole.
As of June 2019, the national student debt is at an all-time high of nearly $4, second only to $4
According to the Society for Human Resource Management (SHRM), around 4% of US businesses offer student loan assistance as a company benefit. That amounts to dozens of majors companies, including $4, Staples, Peloton, Penguin Random House, and PricewaterhouseCoopers.
But some companies are finding more interesting ways of helping employees with their debt: They're letting employees trade vacation days for student loan benefits, while others offer signing bonuses, company stock, or 401(k) contributions.
Here are six companies that are taking a unique approach to alleviating their workers' student debt.