Student loans

The company joins a growing number of employers offering student loan repayment in conjunction with retirement benefits.

Starting next year, employees at the insurance company can trade up to 40 hours of unused vacation time for a payment to their student loan provider.

Starting next year, employees at the insurance company can trade up to 40 hours of unused vacation time for a payment to their student loan provider.

Thrive is a student loan repayment provider that allows employers to match worker contributions toward their retirement plan, their student loans or a combination of both.

Proponents say reintroduced legislation that would allow employers to contribute $5,250 a year without penalty would encourage more companies to offer the perk.

The automaker’s new offering to its 14,000 workers aims to “provide employees a less-costly means to pay off student debt and support their path to a sound financial future.”

Perks including employee purchase programs and student loan repayment plans will continue to be popular in the coming year.

Sure, offering the perk will help employers recruit and retain top talent. But there’s even more advantages to consider.

Perks including employee purchase programs and student loan repayment plans will continue to be popular in the coming year.

The number of older Americans who are carrying student loan debt into retirement has grown to 2.8 million from 700,000 in 2005.