Student management

10 companies that help you repay your student loans

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If you’re struggling with a student loan, your employer may be able to help. Here are 10 companies that help pay student loans. (Shutterstock)

Student loan debt is incredibly common. In fact, 43.4 million Americans have federal student loans in their name, representing a total debt of $1.6 billion, according to data from the US Department of Education.

Fortunately, many companies recognize how difficult student loans can be to repay and will even help their employees through the process. If you need help paying off your student loan, here are 10 companies that will help pay student loans on your behalf.

You can use Credible to compare student loan refinance rates from various lenders in minutes.

10 companies that help you repay your student loans

It’s a tight job market, and employers are upping the ante to attract great talent. One way to do this is to provide student loan repayment benefits.

The specifics of these benefits vary from company to company, but generally the employer makes the payments directly to your lender – often on a monthly basis – up to a certain threshold. In some cases, they may match your payments, or in others, they may pay you, and you may use these funds for your student loan balances.

The number of companies offering these perks keeps growing, but here are 10 options you might want to consider.


Aetna is a Connecticut-based health insurance company, although it operates globally. Under Aetna’s student loan repayment program, the company will match employee student loan repayments up to $2,000 per year ($1,000 for part-time employees). The maximum lifetime benefit is $10,000 for full-time employees and $5,000 for part-time employees.


Carvana is an online automotive marketplace with dozens of locations across the United States. The company launched its student reimbursement program in 2018 and offers up to $1,000 per year per full-time employee. Benefits go through Gradifi’s student loan repayment program.


Chegg, the California-based education support platform, also offers its employees benefits for student loan repayment. Launched in 2019, the program offers employees up to $5,000 in student loan repayments per year ($3,000 for those at the director or vice president level). Employees must have at least two years with Chegg to be eligible. They do not need to have graduated and there are no specific requirements for the type of school or program attended.


Estee Lauder

Makeup and beauty brand Estee Lauder also offers student loan repayment benefits to its more than 60,000 employees worldwide. The program launched in 2018 and offers employees $100 a month – up to a maximum of $10,000 – for their student loan debt. Employees are eligible after at least one year of working for the company.

Loyalty investments

Fidelity Investments, which offers retirement plans, brokerage and financial planning services, offers up to $15,000 in contributions (one of the highest limits on this list) and even provides student debt tools to help employees reduce their loan balances more effectively.

Student loan refinancing can also help reduce loan balances by lowering your interest rate, allowing you to pay less interest over the life of a loan. Credible, it’s easy to compare refinance rates with several student lenders.

Bank of the First Republic

First Republic Bank, which has branches in seven states, offers a Student Loan Repayment Assistance Program that provides monthly student loan contributions to employees. The company pays $100 a month to get started, though that payment increases with each year you sign up for the program. The maximum monthly benefit is $200 until the loan is 100% repaid.


Google’s student loan repayment program is relatively new, launching in 2021. Under this benefit, eligible employees can receive matching student loan payments of up to $2,500 per year. The program is currently only open to Google employees in the United States, but the company said it plans to expand it to other locations.

New York life

Insurance company New York Life launched its student loan relief program in late 2017. Employees can get up to $170 a month over five years, with a total lifetime cap of $10. $200 help. Only non-executive employees are eligible.


Peloton, the company known for its revolutionary stationary bike and streaming workout platform, is offering $100 a month through the Gradifi Student Loan PayDown program, which makes payments directly to your loan officer.


Financial services firm PwC, also known as PricewaterhouseCoopers, is offering a student loan repayment benefit worth up to $10,000 per employee. The firm will pay up to $1,200 per year to eligible associates and senior associates within its ranks.


Next steps

If your current employer doesn’t offer student loan repayment assistance, you might want to talk to the human resources department. Nearly a third of large companies plan to offer student loan assistance in the next two years, according to the Employee Benefits Research Institute. As such, offering these benefits can be vital to your business, both in retaining employees and in attracting top talent over the long term.

If you decide to look for a new job (or if you just started the job search right out of college), don’t be afraid to ask potential employers about their financial resources and benefits during the process. maintenance, especially those who can help you. reduce your student loan debt. Today’s job market is tight, so companies are doing everything they can to stay competitive. If a company doesn’t offer student loan repayment benefits, chances are you’ll find another that does.

If you can’t find the one that’s right for you or if your HR department doesn’t offer this benefit for employees, consolidate your federal student loans or refinance your private student loans are also options. Depending on the status of your current loans, this may lower your interest rate or simplify your monthly payment. Just keep in mind that if you refinance federal student loans into a private loan, you’ll lose access to federal benefits and protections, like income-based repayment plans and civil service loan forgiveness ( PSLF). If you have federal student loan debt, it’s also worth exploring. student loan forgiveness programs to see if you might qualify.

Credible makes it easy for you compare student loan refinance rates from private lenders, without affecting your credit.