The idea of an employer giving you extra money to pay off your student loan debt may seem too good to be true. But in fact, around 17%1 of employers offer student debt assistance and another 31% plan to offer it in the future.
Regardless of how much you owe, an employer throwing extra cash towards your debt is quite a compelling employee benefit.
So, we’ve partnered with Dwindle Student Debt to help you find just that. Dwindle is focused on helping you find a job that helps you pay down your student debt or lower the cost of your education.
With the help of Dwindle’s robust job page, we’ve compiled the top 30 companies offering student loan repayment assistance to help get your job search started.
30 Companies Ready to Help Pay off Your Debt
#1: Aetna
Who they are: Aetna is a well-known, American healthcare company that sells health insurance to individuals, families, employers, and healthcare providers.
What they offer: In addition to a strong tuition reimbursement program, Aetna also helps employees during debt payoff by matching employees’ student loan payments. For full-time employees, Aetna will match up to $2,000 per year in student loan payments, for a lifetime maximum of $10,000. For part-time employees, Aetna will match up to $1,000 per year with a lifetime maximum of $5,000.
Who is eligible: To be eligible, employees must have earned a U.S.-based undergraduate or graduate college degree from an accredited program within 3 years of applying to the program.
#2: Abbott
Who they are: Abbott is an American medical device and healthcare company.
What they offer: Abbott typically requires all employees to contribute, at minimum, 2% to their 401(k). However, Abbott’s Freedom 2 Save program allows employees with student debt to divert the 2% minimum 401(k) contribution to their student loan payments, and in return, Abbott will contribute 5% to the employee’s 401(k). While Abbott’s contribution doesn’t go directly to the employee’s student debt, it allows employees to pay off their debt faster while keeping their 401(k) in check.
Who is eligible: Full-time Abbott employees are eligible.
#3: AlloSource
Who they are: AlloSource is a healthcare company with a mission to help patients heal through innovative cellular and allograft research.
What they offer: AlloSource partners with Tuition.io to contribute a percentage to the principal balance of the loan.
Who is eligible: To qualify, employees must have worked with AlloSource full-time for at least a year.
#4: Ally Financial
Who they are: Ally Financial is a leading digital financial services company offering a wide variety of education benefits for its 8,500+ employees.
What they offer: Ally offers employees $100 a month towards an eligible 529 College Savings Plan and $100 per month towards student loans, with a combined lifetime maximum of $10,000.
Who is eligible: All Ally employees are eligible.
#5: Andersen Global
Who they are: Andersen Global is a financial consulting company for both individuals and businesses.
What they offer: Andersen Global partners with Gradifi to provide employees up to $12,000 toward student loan repayment. The amount is contributed in monthly stipends of $100, followed by a $6,000 lump sum payment after five years.
Who is eligible: Employees must have been with the company at least one month and working at least 20 hours per week to be eligible.
#6: American Family Insurance
Who they are: American Family Insurance (AmFam) is a mutual insurance company offering personal and business insurance.
What they offer: AmFam offers $100 per month towards student loan repayment, with a lifetime maximum of $10,000.
Who is eligible: AmFam employees who have graduated with an associate’s degree or higher are eligible.
#7: Atticus
Who they are: Atticus is a Public Benefit Corporation with a mission to improve the legal system by offering online legal advice from experts.
What they offer: Atticus offers up to $1,200 per year in student loan repayment assistance.
Who is eligible: It appears as though all Atticus employees are eligible, however, there may be additional eligibility requirements.
#8: Carhartt
Who they are: Carhartt is a men’s and women’s apparel company.
What they offer: Carhartt partners with Tuition.io to provide employees with $50 per month towards student loan repayment, with a lifetime maximum of $10,000.
Who is eligible: It appears as though all Carhartt employees are eligible, however, there may be additional eligibility requirements.
#9: Carvana
Who they are: Carvana is an online used car retailer.
What they offer: Carvana partners with Gradifi to provide employees with $1,000 per year towards student loan repayment.
Who is eligible: It appears as though all Carvana employees are eligible, however, there may be additional eligibility requirements.
#10: Chegg
Who they are: Chegg is a well-known education technology company.
What they offer: Chegg offers employees up to $6,000 per year in student loan repayment assistance.
Who is eligible: All Chegg employees with student debt are eligible for their $1,000 per year student loan repayment assistance. Additionally, employees that have been with Chegg for at least two years are eligible for up to an additional $5,000 per year in student loan repayment assistance.
#11: Connelly Partners
Who they are: Connelly Partners is an advertising agency.
What they offer: Connelly Partners teamed up with Gradifi to provide employees with up to $100 per month toward their student loan payments. This benefit is in addition to Connelly Partners’ $1,000 signing bonus, which can be used toward student loans. Employees who reach a five-year anniversary with Connelly Partners will also receive another $1,000 cash bonus toward their student loans.
Who is eligible: All Connelly Partners employees are eligible for the $100 per month assistance and the $1,000 signing bonus. Employees must have been with the company for five years to qualify for the $1,000 cash bonus.
#12: Estée Lauder
Who they are: Estée Lauder is a well-known American manufacturer of makeup, skincare, fragrance, and hair products.
What they offer: Estée Lauder provides employees with $100 per month in student loan repayment assistance, with a lifetime maximum of $10,000.
Who is eligible: Employees of Estée Lauder, including its subsidiaries Clinique, MAC Cosmetics, and Origins, are eligible for student loan repayment assistance.
#13: Fidelity Investments
Who they are: Fidelity Investments is an American financial services corporation.
What they offer: Fidelity Investments offers employees student loan benefits through their Step Ahead Student Loan Assistance Program, which provides up to $2,000 per year in student loan repayment assistance, with a lifetime maximum of $10,000.
Who is eligible: Employees who have been with the company for at least six months are eligible.
#14: First Republic
Who they are: First Republic is a private bank and wealth management company.
What they offer: First Republic partners with Gradifi to offer their employees a tiered student loan repayment assistance program. Employees are initially eligible for $100 per month towards their student loans. This amount increases each month the employee utilizes the benefit, with a maximum of $200 per month. There is no lifetime maximum contribution.
Who is eligible: It appears as though all Carvana employees are eligible, however, there may be additional eligibility requirements.
#15: Google
Who they are: Do we need to explain who Google is?!
What they offer: Google offers their employees up to $2,500 in student loan repayment assistance per year.
Who is eligible: All Google employees are eligible.
#16: Hulu
Who they are: Hulu is a popular streaming service.
What they offer: Hulu offers employees $1,200 per year in student loan repayment assistance.
Who is eligible: All Google employees are eligible.
#17: Kronos
Who they are: Kronos is a software company catering to management and human resources fields.
What they offer: Kronos offers employees student loan repayment assistance, however, employees have to contact the benefits department to see how much they qualify for.
Who is eligible: It is unclear which Kronos employees are eligible.
#18: Live Nation
Who they are: Live Nation is an American concert promoter and venue operator company.
What they offer: Live Nation matches employee’s student loan payments up to $100 per month, with a lifetime maximum of $6,000.
Who is eligible: To qualify, employees must have been with the company for at least six months.
#19: Lockheed Martin
Who they are: Lockheed Martin is an American aerospace, arms, defense, information security, and technology company.
What they offer: Lockheed Martin offers new graduates student loan repayment assistance through their Invest in Me program. The program provides eligible employees with $150 per month for up to five years. While intended to be used for student loan repayment, the money can be used toward other expenses.
Who is eligible: To be eligible, employees must be a recent graduate, a full-time hire, and working in the Missiles and Fire Control department.
#20: New York Life
Who they are: New York Life is the third-largest life insurance company in the United States.
What they offer: New York Life offers all eligible employees up to $10,200 in student loan assistance over a five year period.
Who is eligible: To be eligible, employees must be non-officers with student loans working under the New York Life Insurance Company, NYL Investors, New York Life Investment Management, or Index IQ.
#21: Nvidia
Who they are: Nvidia is a technology company and global leader in artificial intelligence.
What they offer: Nvidia offers employees $500 per month toward student loans, with a lifetime maximum of $30,000.
Who is eligible: Both full- and part-time employees are eligible if they have worked with Nvidia for at least three months and work at least 20 hours per week.
#22: Parallon
Who they are: Parallon is a leader in healthcare and business operations services, providing hospitals and healthcare systems with tools to improve their business performance.
What they offer: Parallon offers employees $50-$100 per month in student loan repayment assistance. Parallon has not specified any lifetime maximums.
Who is eligible: Full-time Parallon employees are eligible for $100 per month, while part-time employees are eligible for $50 per month.
#23: Peloton
Who they are: Peloton is a well-known fitness technology company.
What they offer: Peloton offers employees $100 per month. The program does not appear to have a lifetime maximum.
Who is eligible: Peloton does not specify which employees are eligible.
#24: Penguin Random House
Who they are: Penguin Random House is an American book publisher and the largest general-interest paperback publisher in the entire world.
What they offer: Penguin Random House offers employees $100 per month in student loan repayment assistance, with a lifetime maximum of $9,000.
Who is eligible: Only full-time employees who have been with the company for at least one year are eligible.
#25: PricewaterhouseCoopers (PwC)
Who they are: PricewaterhouseCoopers (PwC) is a multinational network of firms bringing businesses assurance, tax, and consulting services.
What they offer: PwC offers employees up to $1,200 per year in student loan repayment assistance, with a $10,000 lifetime maximum.
Who is eligible: All PwC employees are eligible. There is no requirement to have worked with PwC for a specific length of time before being eligible.
#26: SoFi
Who they are: SoFi is an American personal finance company and online bank providing customers with a variety of financial services.
What they offer: SoFi offers employees up to $200 per month in student loan repayment assistance, with no lifetime maximum.
Who is eligible: All SoFi employees are eligible.
#27: Staples
Who they are: Staples is an American retail company specializing in office supplies.
What they offer: Staples offers employees $100 per month in student loan repayment assistance, for a maximum of 36 months.
Who is eligible: To be eligible, Staples employees must be deemed qualifying and high-potential by the company. It is unclear what makes an employee high-potential.
#28: Terminix
Who they are: Terminix is one of the largest pest control companies in the world.
What they offer: Terminix offers employees $50 per month in student loan repayment assistance.
Who is eligible: Both full-time and part-time employees may be eligible, however, Terminix does note that the program is only available to qualifying employees. It is unclear what makes a Terminix employee qualify.
#29: The U.S. Government
Who they are: Shall we explain this one?
What they offer: The U.S. federal government offers employees up to $60,000 in student loan repayment assistance, paid in $10,000 increments over the course of six years.
Who is eligible: U.S. government employees are eligible if they have federal student loans and agree to sign a contract agreeing to work for the government for at least three years. U.S. government employees will still qualify for federal loan forgiveness programs such as Public Service Loan Forgiveness.
#30: Weedmaps
Who they are: Weedmaps is a California-based cannabis technology company.
What they offer: Weedmaps offers up to $1,000 a year in student loan repayment assistance.
Who is eligible: Weedmaps does note their student loan repayment assistance benefit on full-time roles. It is unclear whether part-time Weedmaps employees are eligible or what other criteria full-time employees have to meet to be eligible.
Student loan rates from our partners
Ascent
Ascent’s undergraduate and graduate student loans are funded by Bank of Lake Mills, or DR Bank, each Member FDIC. Loan products may not be available in certain jurisdictions. Certain restrictions, limitations; and terms and conditions may apply. For Ascent Terms and Conditions please visit: www.AscentFunding.com/Ts&Cs. Rates are effective as of 11/1/2024 and reflect an automatic payment discount of either 0.25% (for credit-based loans) OR 1.00% (for undergraduate outcomes-based loans). Automatic Payment Discount is available if the borrower is enrolled in automatic payments from their personal checking account and the amount is successfully withdrawn from the authorized bank account each month. For Ascent rates and repayment examples please visit: AscentFunding.com/Rates. 1% Cash Back Graduation Reward subject to terms and conditions. Cosigned Credit-Based Loan student must meet certain minimum credit criteria. The minimum score required is subject to change and may depend on the credit score of your cosigner. Lowest rates require full
principal and interest payments, the shortest loan term, a cosigner, and are only available for our most creditworthy applicants and cosigners with the highest average credit scores. Actual APR offered may be higher or lower than the repayment examples above, based on the amount of time you spend in school and any grace period you have before repayment begins.
Ascent’s undergraduate and graduate student loans are funded by Bank of Lake Mills, or DR Bank, each Member FDIC. Loan products may not be available in certain jurisdictions. Certain restrictions, limitations; and terms and conditions may apply. For Ascent Terms and Conditions please visit: www.AscentFunding.com/Ts&Cs. Rates are effective as of 11/1/2024 and reflect an automatic payment discount of either 0.25% (for credit-based loans) OR 1.00% (for undergraduate outcomes-based loans). Automatic Payment Discount is available if the borrower is enrolled in automatic payments from their personal checking account and the amount is successfully withdrawn from the authorized bank account each month. For Ascent rates and repayment examples please visit: AscentFunding.com/Rates. 1% Cash Back Graduation Reward subject to terms and conditions. Cosigned Credit-Based Loan student must meet certain minimum credit criteria. The minimum score required is subject to change and may depend on the credit score of your cosigner. Lowest rates require full
principal and interest payments, the shortest loan term, a cosigner, and are only available for our most creditworthy applicants and cosigners with the highest average credit scores. Actual APR offered may be higher or lower than the repayment examples above, based on the amount of time you spend in school and any grace period you have before repayment begins.
LendKey
1 – Terms and Conditions Apply
Loan products, terms, and benefits may be modified or discontinued by participating lenders at any time without notice. Rates displayed are reserved for the most creditworthy consumers who enroll to make automatic monthly payments. Your initial rate will be determined after a review of your application and credit profile. Variable rates may increase after consummation. You must be either a U.S. citizen or Permanent Resident in an eligible state and from an eligible school, and meet the lender’s credit and income requirements to qualify for a loan. Certain membership requirements (including the opening of a share account, a minimum share account deposit, and the payment of any applicable association fees in connection with membership) may apply in the event that an applicant wishes to apply with, and accept a loan offered from, a credit union lender. If you are not a member of the credit union lender, you may apply and become a member during the loan application process if you meet the lender’s eligibility criteria. Applying with a creditworthy cosigner may result in a better chance of loan approval and/or lower interest rate. Loans for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not available via LendKey.com.
2 – Cosigner Release
Some lenders participating on LendKey.com may offer the benefit of cosigner release. Cosigner release is subject to lender approval. In order to qualify, the borrower, alone, must meet the following requirements: (1) Make the required number of consecutive, on-time full principal and interest payments as indicated in the borrower’s credit agreement during the repayment period (excluding interest-only payments) immediately prior to the request. Any period of forbearance will reset the repayment clock; (2) The account cannot be in delinquent status; (3) The borrower must provide proof of income indicating that he/she meets the income requirements and pass a credit review demonstrating that he/she has a satisfactory credit history and the ability to assume full responsibility of loan repayment; (4) No bankruptcies or foreclosures in the last sixty months; and (5) No loan defaults.
3 – Autopay Rate Reduction
Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments.
4 – AutoPay Discount & Lowest Interest Rate
Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments. The lowest advertised APR is only available for loan terms of 10 years and is reserved for the highest qualified applicants, taking into consideration the applicant’s credit and other factors.
1 – Terms and Conditions Apply
Loan products, terms, and benefits may be modified or discontinued by participating lenders at any time without notice. Rates displayed are reserved for the most creditworthy consumers who enroll to make automatic monthly payments. Your initial rate will be determined after a review of your application and credit profile. Variable rates may increase after consummation. You must be either a U.S. citizen or Permanent Resident in an eligible state and from an eligible school, and meet the lender’s credit and income requirements to qualify for a loan. Certain membership requirements (including the opening of a share account, a minimum share account deposit, and the payment of any applicable association fees in connection with membership) may apply in the event that an applicant wishes to apply with, and accept a loan offered from, a credit union lender. If you are not a member of the credit union lender, you may apply and become a member during the loan application process if you meet the lender’s eligibility criteria. Applying with a creditworthy cosigner may result in a better chance of loan approval and/or lower interest rate. Loans for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not available via LendKey.com.
2 – Cosigner Release
Some lenders participating on LendKey.com may offer the benefit of cosigner release. Cosigner release is subject to lender approval. In order to qualify, the borrower, alone, must meet the following requirements: (1) Make the required number of consecutive, on-time full principal and interest payments as indicated in the borrower’s credit agreement during the repayment period (excluding interest-only payments) immediately prior to the request. Any period of forbearance will reset the repayment clock; (2) The account cannot be in delinquent status; (3) The borrower must provide proof of income indicating that he/she meets the income requirements and pass a credit review demonstrating that he/she has a satisfactory credit history and the ability to assume full responsibility of loan repayment; (4) No bankruptcies or foreclosures in the last sixty months; and (5) No loan defaults.
3 – Autopay Rate Reduction
Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments.
4 – AutoPay Discount & Lowest Interest Rate
Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments. The lowest advertised APR is only available for loan terms of 10 years and is reserved for the highest qualified applicants, taking into consideration the applicant’s credit and other factors.
Earnest
Student Loan Origination (Private Student Loan) Interest Rate Disclosure:
Student Loan Origination (Private Student Loan) Interest Rate Disclosure:
College Ave
College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
(1) All rates include the auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. If a payment is returned, you will lose this benefit. Variable rates may increase after consummation.
(2) As certified by your school and less any other financial aid you might receive. Minimum $1,000.
(3) This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
Information advertised valid as of 11/1/2024. Variable interest rates may increase after consummation. Approved interest rate will depend on creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of the Flat Repayment Option with the shortest available loan term.
College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
(1) All rates include the auto-pay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. If a payment is returned, you will lose this benefit. Variable rates may increase after consummation.
(2) As certified by your school and less any other financial aid you might receive. Minimum $1,000.
(3) This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
Information advertised valid as of 11/1/2024. Variable interest rates may increase after consummation. Approved interest rate will depend on creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of the Flat Repayment Option with the shortest available loan term.
Why Do Companies Offer Debt Repayment Benefits?
While many employers offer student loan repayment benefits as a way to attract and retain talent, there are more widespread impacts such as improving company culture and employee happiness.
How to Find Employers That Will Pay Off Your Debt
While this list is a solid starting point, we recommend keeping up with Dwindle Student Debt’s growing job page. Dwindle Student Debt allows you to explore a list of companies with student loan repayment benefits, ensuring that you stay up-to-date on potential employment opportunities as more companies add student loan repayment benefits to their offers.
Final Thoughts from the Nest
Whether you’re just beginning the post-grad job search or you’re looking to change companies later in your career, finding a company that offers student loan repayment benefits is a solid choice. To explore additional opportunities with other top companies, check out Dwindle Student Debt.