Student loan repayment programs are still in the early adopter stage with just 3 percent of firms surveyed by AonHewitt currently offering assistance. Fidelity, Aetna, PwC and Penguin Random House are a few of the companies that already contribute to employees’ loan payments. More are expected to follow.
AonHewitt says an additional 5 percent of surveyed companies said they are likely to add the benefit and 24 percent are moderately interested in adding the benefit.
Meanwhile, more than 80 percent of workers with student loans surveyed by IonTuition said they would like to work for a company that provides a student loan repayment benefit.
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