The Top 7 Employers You Can Trust to Pay Off Your Student Loan
2 min read
Key takeaways
- Some employers pay part of your student loans as a workplace benefit.
- Many programs pay about $100 a month, often with a lifetime cap.
- Benefits change often, so always check the current terms with the employer.
Want to earn your next degree but wondering how you'll pay for it?
Don't worry. Some employers will help pay off your student loans while keeping you on the payroll. And if it's a degree they value, it could even lead to a promotion.
Here are seven employers that have offered student loan help.
Note: these benefits are as last reported. Employers update their benefits often, so check the current terms with the company's careers page or HR team.
1. PwC
Associates at PwC could get up to $100 a month toward their student loans for as long as 82 months.
2. Penguin Random House
Full-time and part-time employees alike were eligible for up to $9,000, paid at around $100 a month over about seven and a half years. Not a bad deal.
3. Peloton
It seems $100 a month is a popular amount, and Peloton offered the same.
4. Aetna
Aetna offered up to $2,000 a year, with a total of up to $10,000. Employees working at least 20 hours a week were eligible, though part-time employees received half the benefit of full-time staff.
5. Estée Lauder
The beauty brand offered up to $100 a month toward employees' student loans, capped at $10,000 in total.
6. Live Nation
Live Nation offered around $100 a month, capped at about $6,000 in total. To qualify, you needed to have worked there for at least six months.
7. Staples
Staples offered $100 a month, but only to employees it considered high-potential, for up to 36 months.
If you want to do more with your career and cut your student debt at the same time, an employer with a student loan benefit is worth a look.
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Questions people ask
Is employer student loan help taxable?
Under federal tax law, an employer can pay up to $5,250 a year toward your student loans tax-free. That rule is now permanent, and the limit will rise with inflation from 2027. Amounts above the limit are taxed as income.
How do I find employers that help pay off student loans?
Check the benefits section of a company's careers page, or search job listings for terms like "student loan repayment" or "student loan assistance." You can also ask HR during the interview process.
Can I get employer help and still use a federal repayment plan?
Yes. Employer payments go toward your loans like any other payment, so you can use them alongside a federal repayment plan.
Sources
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