Companies from corporate giants to hot startups have begun offering perks and programs to tackle employees' stifling student loans
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- A college degree may lead to a lucrative career, but the cost of tuition is putting some people so far in debt that a even decent job can't fully lift the burden.
- Companies big and small — including IBM and fitness startup Peloton — offer student loan repayment benefits to employees.
- Research shows employee financial stability is linked to overall well-being and work performance, and workers overwhelmingly prefer companies who offer help with student debt, often over retirement benefits.
- This article is part of Business Insider's ongoing series on Better Capitalism.
A lucrative career typically relies on having a college degree. But all too often, expensive tuition costs lead to debt that even a decent-paying job can't cover.
In 2018, 44.2 million American borrowers owe $1.48 trillion in student loan debt — $620 billion more than Americans owe in credit card debt, according to Student Loan Hero. And student loan debt rises annually. The average debt for student borrowers in the class of 2017 was $39,400, 6% higher than the class of 2016, Student Loan Hero reported.See the rest of the story at Business Insider
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