First Data adds new student loan reward benefit
The new benefit allows employees at the financial services company to pay off student debt with reward points.
The new benefit allows employees at the financial services company to pay off student debt with reward points.
Employees can now use the offering to pull money directly from their paycheck to save for college.
Montefiore St. Luke’s Cornwall Hospital has partnered with Tuition.io to offer the benefit to its 1,500 employees.
The financial services company is part of a larger trend of employers offering the financial benefit.
Forget student debt. Employers need to be thinking about 401(k) loans.
Benefits can be tailored to address student loan debt, and help put employees on track for retirement.
Advisers should focus on bringing new holistic financial wellness offerings to clients.
The number of employers offering workers student debt help has risen to 8% from 4%, according to SHRM.
Increased time off for new parents is just one perk on the rise, according to new research from the Society for Human Resource Management.
Increased time off for new parents is just one perk on the rise, according to new research from the Society for Human Resource Management.
In addition to the new companies, the student loan benefit provider is making changes to its College SaveUp program for employees.
About 60 workers are taking advantage of the benefit which is offered through Gradifi.
About 60 workers are taking advantage of the benefit which is offered through Gradifi.
More than 8,000 employees have enrolled in the benefit since the accounting and consulting firm launched its program in 2016.
More than 8,000 employees have enrolled in the benefit since the accounting and consulting firm launched its program in 2016.
“If you only focus on student loans, then you’ve lost 10 years of retirement planning,” says one expert.
Advance Financial joins the growing list of employers helping employees pay down educational debt.
Adding the perk “can have some serious financial ramifications,” one Deloitte researcher says.
Employers can expect to see more innovative plan designs and legislative changes on student loan benefits, says Tuition.io CEO Scott Thompson.