Employees receive $1,000 annually for student loan repayment.Chegg sets aside a pool of shares, which it sells on behalf of the employee. The after-tax total is transferred to Tuition.io, the third-party company that manages the student loan repayment program. Through stock shares, entry- and manager-level employees can get up to $5,000 per year in student loan assistance, on top of the $1,000 cash benefit.
With this perk, employees can receive up to $100 per month toward their student loans, up to a maximum of $10,000.Fidelity Investments is introducing student loan assistance in December 2021. Under this new program, employees can get up to $15,000 in student loan contributions from their employer. According to the company, it will produce over $38 million in student loan savings for Fidelity Investment employees.
To qualify, employees must be full-time workers who earn less than $150,000 and the debt cannot be in
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