Americans owe more than $1.7 trillion in student loans, and employers are using that debt as a way to hire new talent.
Many companies are starting to offer student debt relief alongside perks like vacation, retirement accounts and health insurance, according to Asha Srikantiah, head of the student debt program at Fidelity Investments.
The benefits can range anywhere from free guidance to direct payments designed to go above and beyond your monthly minimums. With the coronavirus halting travel, some businesses are now allowing workers to use compensation for company-provided time off to go directly to their student loans.
Check out this video for a full breakdown of how the repayment assistance works and to learn how you might be able to get your current employer to start pitching in on your loans.
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Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.