10 companies that will help you pay off your student loans (and let you travel the world)
The student debt burden is a huge problem in America: According to the latest student debt statistics for 2021, over 45 million borrowers owe a whopping $ 1.7 trillion in student loans, which is roughly $ 39,351 per person. During the Covid-19 pandemic, President Joe Biden canceled nearly $ 10 billion in student loans and also allowed borrowers to suspend payments.
But what if you’re not one of the lucky ones? There is good news on the student loan front, according to FlexJobs, a job search site specializing in flexible and remote jobs. A handful of companies in the United States now offer student loan repayment assistance, helping employees with debt relief.
And here’s more good news: Many of these companies will also let you work from home or anywhere. This means that you can travel the world with less financial obligation and earn money at the same time. Given that almost 60% of workers say they would prefer to work remotely 100% of the time after the pandemic, this is an attractive proposition.
Here are 10 companies (listed alphabetically) that will help you pay off your student loans and keep you working wherever you are, so you can travel the world debt-free.
The company: A healthcare research company, Abbott manufactures medical, nutritional and pharmaceutical products, as well as medical devices, tests and more. The company has been recognized as one of America’s 50 Happiest Companies. There are remote jobs in marketing, medical science, and more.
Student loan details: As part of the company’s Freedom 2 Save (F2S) program, employees who contribute 2% of their salary toward the student loan repayment will receive 5% matching towards a 401k plan.
The company: Aetna is a division of CVS Health, providing health insurance services to over 50 million members. There are remote jobs in consulting, insurance, customer service, and research, among others.
Student loan details: Aetna provides student loan repayment assistance for employees who have loans eligible for degrees earned under certain guidelines
3. American family insurance
The company: American Family Insurance offers insurance in a variety of categories: life, home, health, auto, business, farm, and more. The flexible jobs offered by the company are in career categories such as event planning, project management, human resources and recruiting, web design and administration.
Student loan details: Eligible employees who completed their education with an associate’s degree or higher and who have student loan debt will receive a monthly contribution of $ 100 to help repay it, with a lifetime maximum of $ 10,000.
The company: Coincidentally, CommonBond specializes in helping people fund student loans. In the past, remote jobs included categories like accounting, finance, legal, IT, and project management, to name a few.
Student loan details: Employees receive up to $ 100 per month for student loans, with no cap on how much you can get while you’re working there.
5. Fidelity Investments
The company: Fidelity Investments, headquartered in Boston, is a financial services company. Remote roles range from trader positions to investment consultants.
Student loan details: Fidelity offers a program called Step Ahead Student Loan Assistance, which offers employees up to $ 10,000 to use to pay off student loans.
The company: A staffing and recruiting company, Medix serves the healthcare, life sciences and IT industries. Remote roles run the gamut from customer service to engineering.
Student loan details: Medix gives its employees $ 50 per month to use to pay off their student loans.
7. New York life
The company: New York Life, based in New York, is a leader in the mutual insurance industry. Roles include marketing, account management and more.
Student loan details: Over a five-year period, New York Life pays student loans $ 170 per month, which can add up to a whopping $ 10,200.
The company: A technology company, NVIDIA designs products for industries ranging from gaming to automotive. Remote roles are varied, including writer, game engine artist, software architect and more.
Student loan details: At NVIDIA, employees can apply for student loan repayments of up to $ 30,000, or $ 6,000 per year.
The company: Parallon is a division of HCA Healthcare, which was named one of FlexJobs’ Top 100 Companies with Remote Jobs.
Student loan details: Parallon’s student loan assistance program offers eligible full-time employees a monthly benefit of $ 150, or $ 75 for part-time employees
10. Weed Cards
The company: Weedmaps’s mission is to find solutions and transform the cannabis industry. Marketing, media, and recruiting are just a few of the areas that offer remote working options.
Student loan details: For each employee, Weedmaps will pay $ 1,000 per year for student loans. The amount is paid in monthly installments of $ 83.33 per month.
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