Some New York Life Workers to Get $10K Toward Student Loans

New York Life is launching a student loan repayment program that would offer certain employees up to $10,200 over five years.

Non-officer employees will be eligible for the benefit as soon as they begin employment. The insurance company is offering the benefit with the Austin-based Student Loan Genius, a company that provides a student loan repayment platform, as well as loan advice and online planning tools.

Student loan repayment is still a little-offered benefit—just 4 percent of employers currently provide it, according to the Society for Human Resource Management. But it’s gaining momentum. Fidelity Investments recently announced its student debt ...