Roughly half of the class of 2024 will graduate with student debt, according to Handshake.
Student loan repayment assistance takes many forms, including debt payment counseling or education, granting access to 401 loans, orOther businesses make additional 401 contributions to employees paying off student debt, which Travelers, the insurance company, began in 2020.
The aim is to ensure that even if an employee wants to pay off their student debt, they don't have to sacrifice making retirement contributions at the same time.
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