At Hart House, a plant-based restaurant chain founded by actor Kevin Hart, creating opportunities for better health extends beyond clean food. A recent partnership with student loan management platform Savi offers company employees a way to improve their financial well-being for free.
Federal student loan debt currently sits at approximately $1.6 trillion, with the average borrower owing $40,000, according to the Education Data Initiative. For those in the food service industry, this financial burden can be especially crippling: Data from Talent.com shows the average salary of these employees is $39,001, with entry level workers making far less. Worse, many people are accumulating this debt without the payoff — research shows that up to 40% of borrowers leave school before they attain a degree, adding additional hardship to their financial future.
