New York Life has bolstered its benefits package with one that helps workers pay off their student loans. So reports EmployeeBenefitNews.
The firm will give employees up to $10,200 over five years to pay off student education loans. It also will provide workers with student loan advice and online planning tools.
Employees who secured student loans for their children will be able to get counseling and guidance on repaying the loans. “Part of our commitment to the wellbeing of employees means offering benefits that address the real challenges they face,” says Katherine O’Brien, senior vice president and chief human resources officers. “Student loan debt can create significant obstacles when it comes to achieving other life milestones, such as buying a home or starting a family.”