Student loan debt impacts more than 44 million Americans to the tune of over $1.5 trillion. According to research, the cost of tuition in 2008 was 2.25x higher than in 1980, and millennials face more staggering student loan debt than any other generation. Given this pressing concern, many companies are stepping up to help employees tackle student loan debt by offering repayment assistance. Not only is this a huge help to employees, but it's also an attractive benefit for job seekers.
Here are 12 companies offering up to $60,000 in student loan repayment and assistance. If you've graduated with a mound of debt, consider a role at these companies where your load will be lighter.
Details: “Our recently launched Step Ahead Student Loan Assistance Program provides to eligible employees a monthly subsidy—a maximum of $10,000 per borrower—toward the employee's student loans, untethered to retention. More than 5,000 Fidelity associates have enrolled in the program since its launch.”
Open Roles: Wealth Management Planning Consultant, Quantitative Portfolio Associate, Financial Consultant, Director of Data Architecture, Software Engineer, Manager of Analytics-Data Governance, Principal Database Administrate, Regional Planning Consultant, Central Relationship Manager & more.
What Employees Say: “Lots of smart people. Excellent Benefits and compensation. Very good work-life balance.” —Current Agile Coach
U.S. Department of Agriculture
Details: The U.S. Department of Agriculture offers $25,000 per year for three years in student loan repayment assistance to veterinarians who work in underserved areas.
Open Roles: Veterinary Medical Officers & Supervisory Veterinary Medical Officers
What Employees Say: “Flexible work schedule, an independent work environment with a great support team to assist you.” —Current Field Representative
Details: “If you graduated within the past three years, you can apply for reimbursement of $6,000 each year to help repay your student loans, up to $30,000! To be eligible, you must be a full- or part-time U.S. employee working 20 hours or more per week, and have completed three months of continuous service.”
Open Roles: Senior Computer Vision Engineer, Deep Learning Scientist, Software Engineer, Senior Account Manager, Senior Pricing Operations Analyst, Senior Technical Writer, Senior Mask Design Engineer, Automotive Hardware Safety Engineer & more.
What Employees Say: “I have worked in many big tech companies in the past but Nvidia is different and its own charm. Great engineers work here. It is growing exponentially.” —Current Employee
Details: “If you have federal student loans, such as Stafford, Perkins, direct, and consolidated loans, you may be eligible for deferment, partial cancellation, income-driven repayment, or eligibility for the Public Loan Service Forgiveness Program during Peace Corps service. Volunteers with Perkins loans may be eligible for a 15–70 percent cancellation benefit.”
Open Roles: Peace Corps Volunteer, Director of Programming and Training, Financial Management Specialist, IT Specialist, Training Specialist, Nurse Practitioner & more.
What Employees Say: “Mission-driven organization with important goals.” —Current Employee
Details: “Hulu will pay up to $1,200 a year per employee to match their student loan payments,” says Taunya Post, Hulu’s director of human resources operations.
Open Roles: Traffic Coordinator, Software Developer, Senior Financial Analyst, Associate Account Analyst, Director of Events & Talent Relations, Billing and Ad Revenue Analyst, Principal Lifecycle Marketing Manager, Director of Billing and Payments, Senior Software Developer, Senior UX Researcher & more.
What Employees Say: “Hulu has a lot of good going for it. Internally, employees are highly collaborative and willing to engage. Working with senior leaders has overall been a breeze, not something I've experienced at other jobs. From top level to individual contributor, most Hulugans want to see their peers succeed. Externally, I see a lot of opportunity on the horizon with Hulu and the business changes it has gone through recently.” —Current Manager
Details: “As a participating associate or senior associate, PwC’s SLP benefit will pay up $1,200 a year towards your student loan! Over time, this may help to reduce student loan principal and interest obligations by as much as $10,000, and shorten loan payoff by up to three years.”
Open Roles: Senior External Auditor, Diversity & Inclusion Senior Manager, Financial Services Manager, Tax Senior Manager, Client Strategy Senior Associate, Regulatory and Compliance Analyst, Financial Markets Manager, Market Administrative Manager, Federal Tax Senior Associate, Data Analytics Manager & more.
What Employees Say: “Great place to start your career. Teaches you how to get work done in a professional manner, competitive salary right out of undergrad.” —Former Employee
Details: According to NerdWallet, the entertainment company offers student loan repayment of $100 per month, or $1,200 per year, with a lifetime maximum of $6,000.
Open Roles: Client Support Specialist, Sales Manager of Special Events, Guest Experience Host, Engineer II, Brand Manager, Coordinator of Solutions Development, General Manager, Amphitheater Portfolio Manager & more.
What Employees Say: “There are so many chances to advance in the company. There are venues all over the world so you could transfer anywhere” —Current Employee
Details: “Active, full-time US associates with at least one outstanding loan obligation, who have obtained or are in the process of receiving a degree from an accredited institution, will have their loan principal paid at $100/per month for 36 months.”
Open Roles: District Manager, Program Manager of HR Systems, Technology Consultant, Project Specialist, Regional Sales Director, Retail General Manager, Director of Field Reporting and Customer Experience, Associate Manager of Sourcing, Sr. Manager of Customer Analytics & more.
What Employees Say: “You get to work and learn from great professional people that also treat you like family. You are granted the opportunity to work other positions if you show interest.” —Former Employee
Details: “We want to help our employees achieve financial freedom, just like our members. That’s why SoFi contributes $200 per month toward your student loan to help you pay off your debt—plus financial classes and trainings.”
Open Roles: Mortgage Loan Originator, Senior Software Engineer, Fraud Risk Analyst, Consumer Communications Associate, Data Engineer, Direct Mail Marketing Associate, Capital Markets Analyst, Senior Director of Data Engineering & Infrastructure, Brand Strategist & more.
What Employees Say: “Excellent benefits, casual dress, fabulous co-workers.” —Former Employee
Details: “Kronos strongly believes in the importance of a college degree, but also recognizes that most graduates today are in debt from achieving their educational goals. To help ease that burden, we offer a financial assistance program to help Kronites pay off their student loan debt faster!”
Open Roles: Integration Analyst, Workforce Solution Consultant, Senior Sales Executive, Practice Manager, Program Manager, Business Analyst, Customer Success Manager, Marketing Program Specialist, Technical Support Engineer/Specialist & more.
What Employees Say: “Pros: Company culture is positive and feels like a family (even as a remote worker). Compensation. Support from my supervisor, colleagues, and executives. Interesting work and can make a difference for customers. We care about customers.” —Current Director
Details: According to CNBC, “The company offers a $10,000 lifetime maximum student loan debt contribution to employees who have been with the cosmetic giant for more than a year. The incentive is broken down to monthly payments of $100. To be eligible, employees must be full-time, U.S.-based corporate employees, director level and below.”
Open Roles: Executive Director/Fellow of Global Stewardship, Manager of Consumer Insights & Analytics, Assistant Manager of Analytics, Manager of Trade Marketing, Retail Beauty Sales Manager, Account management Coordinator, Director of Global Product Marketing, Administrative Assistant, SVP of Global Marketing for Tom Ford Beauty & more.
What Employees Say: “Fantastic benefits, work-life balance is valued and encouraged and opportunities to grow and learn are available to all.” —Current Employee
U.S. Department of Justice
Details: “The Department of Justice limits annual Attorney Student Loan Repayment Program benefits to a maximum of $6,000 per attorney per calendar year. Depending on resources, the Department may determine a lower amount, down to $0. The total lifetime maximum per attorney is $60,000.”
Open Roles: Attorneys, Paralegal Specialist, Assistant Director for Management and Administration, Criminal Investigator, Deputy Director, Internal Affairs Specialist, IT Specialist, Legal Assistant & more.
What Employees Say: “Work is meaningful. Good telework options.” —Current Assistant Special Agent In Charge