Bloomberg Law
Jan. 30, 2018, 11:46 AM

PwC, Fidelity Help Employees Lift Student Loan Albatross

Kristen Ricaurte Knebel
Kristen Ricaurte Knebel

PricewaterhouseCoopers and a few other pioneering employers are helping workers whittle down their student loan debts, which can be almost immobilizing for some workers.

Fidelity Investments came up with a loan-aid plan after exiting employees said they were leaving the company for relatively small pay raises because of the heavy burden of their school debts.

Offering student loan repayment benefits may be a way to attract talent fresh out of college and reduce turnover. Eight-six percent of young workers surveyed in 2017 by American Student Assistance said they would commit to five years with an employer that helped them pay ...

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