10 Big Companies Who Offer Student Loan Repayment

Peloton

Given the high cost of living expenses, it must be complex navigating studies and worrying about repaying your student loan. Fortunately, there are many companies offering student loans so you can keep pursuing your intellectual dreams. It starts with identifying a good employer to pay off your debt. In the long run, the employer sees the student loan repayment plan to attract top talent. Here are ten big companies that offer student loan repayment.

10. Peloton

According to Forbes, Peloton has a special student discount program offering discounts for students, healthcare workers, and military members. It merged with Gradifi in 2017 to provide reliable loans by creating an app featuring instructor-led classes for $12.99 per month. The good news is it’s slashing the monthly price, allowing students to pay $6.99 per month. Healthcare workers and teachers will pay $9.00 per month, while military employees and their employees will foot a flat rate of $9.00. The app works on Android and iOS devices.

9. Aetna

Aetna is one of the largest health services companies, offering health education needs from the complex to the most basic. When signing up for this company’s student assistance program, you can access student health centers, local hospitals, and over 1.2 million providers in its national network for convenient care. According to Bank Rate, Aetna relies on a student health service and chief medical officer model, helping student employees pay off their loans up to $2,000 per year. Submitting a claim for reimbursement with Aetna student health is accessible. Log on to the website, and click the “contact us” feature before sending a message from the dropdown menu. After that, submit your requested information and attach a copy of your receipt.

8. Hulu

Hulu is a streaming company helping thousands of students repay their loans in the US. It partners with Tuition.io to help its employees pay up to $100 per month towards their student loans. The maximum loan repayment limit is $6,000. The only condition you should fulfill is to serve as an employee for at least one year. After completing the one-year grace period, you will be rendered active to pay your loan minimum. If you’re a new Hulu subscriber, you should first visit the website on your mobile or web browser to create an account. The SheerID will request your additional details to verify your student status, after which you can bill information and start streaming.

7. Google

Searching information online is accessible through Google, but one of the most significant initiatives the company has come up with is a student repayment program for more than 100,000 employees. The student loan repayment program was launched in 2021, giving each employee a match up to $2,500 in student loans per year.

6. Andersen Global

One of the largest financial consulting companies offering student loan repayment for individuals and businesses is Andersen Global in conjunction with Gradifi, a student repayment initiative. To qualify for the student loan repayment assistance plan, you should have worked at least 20 hours a week and have been with the company for at least one month. The initiative guarantees up to $12,000 in student loan repayment and $100 per month. After working with the company for that period, it will offer a lump sum of $6,000.

5. Chegg

According to Student Loan Hero, Chegg is an education services company featured among student loan repayment assistance programs. It doesn’t matter whether you’re still a student or recently graduated. The company will still offer two-year and four-year assistance programs. Whether you’re a manager or an entry-level employee, Chegg will offer an annual loan repayment plan of up to $5,000 annually. A vice president and director will get $3,000. If you want to further your studies, the company will also offer an untaxed reimbursement of $5,250.

4. Estée Lauder

If you’re pursuing your degree in beauty or anything related to it, you might want to work with Estée Lauder, hoping to pay off your student loan. The company launched the assistance program in 2018, promising student employees a whopping $100 per month. The cap amount is $10,000 in total student loan repayment. Whether you’re still in school or planning to further your higher education, the company will help you repay your tuition reimbursement. The only way to determine if you’re eligible is by contacting the company directly.

3. First Republic

In 2016, the First Republic, a wealth creation and management company, launched its first student loan repayment assistance program. As is expected, the company merged with Gradifi to help students repay their loans. To get started, apply for a job with the company, after which you will get up to $100 per month. The more years you keep working with the private bank, the more your reimbursement increases. You can get up to $200 per month. The company keeps repaying the loan until its paid in full.

2. Kronos

Kronos is a software company that helps firms manage their human resource departments. Like other companies on this list, it partnered with Gradifi to help employees who are students to repay their loans and tuition reimbursements. To qualify for tuition reimbursement from this company, you must first ensure that your course matches its offers. The only way to do that is by contacting the company’s benefits department.

1. Live Nation

Live Nation is a company offering live events services and ticketing. It has also offered student loan repayment assistance to employees who qualify since it launched in 2017. According to Student Hero, the company has provided student loan assistance up to $4 million, with employees getting $100 per month. The maximum lifetime benefit a student working with Live Nation can get is $6,000 per month.

Conclusion

These are the ten companies you should focus your interest on as far as student loan repayment assistance is concerned. So, if your current employer doesn’t offer this feature, find out from your human resource department or manager if adding this new benefit is practical. Doing so helps you pay off your debt sooner and gives your company the leverage to attract talent from potential employees.

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