Personal Loan – Are student loan stipends about to become the hottest job perk?. Accounting and consulting giant PricewaterhouseCoopers is hoping to attract recent college graduates – and keep the ones it’s already obtained – through providing them $1,200 a 12 months for up to six years to pay down their student loans.
The advantage could not basically deliver the firm an side in employee recruiting and retention, yet furthers the company’s goal of disrupting the cycle of wealth and educational disparity via convalescing access to education.
Black and low-income students are much more likely to take out loans to pay for college, and borrow more than white students, mentioned Shannon Schuyler, PwC’s leader company responsibility and goal officer, in a Huffington Post guest piece.
€œTo compete in the worldwide industry we need a diverse, extremely knowledgeable workforce of people that can attention on innovation and new technical challenges,€ Schulyer said. €œWe need to ensure today’s students can have the funds for the education they’ll want to enhance this work.€
PwC’s statement of its student loan stipend application made a big splash in the media, with the Wall Street Journal, Washington Post, USA At present and Chicago Tribune among these choosing up the story.
According to the Wall Road Journal, near to half of PwC’s 46,000 U.S. employees are latest university graduates who would qualify for the stipend, and the enterprise plans to hire around 11,000 university grads this year.
€œWhile PwC is the first to invest in this sort of commitment, I trust that other businesses throughout the county are stepping up with innovative methods to grow a more financially savvy work force and to inspire the pursuit of better education,€ Schulyer said.
Options to assist tackle student loan debt are growing, including income-based repayment for federal loans and refinancing of both federal and personal loans. Lots of those with student loans don’t realize that remedy may be available.
Student loan refinancing can help graduates reduce the interest rates, and entire curiosity they would pay on their student loans. Pulp’s platform companions with over 70 alumni associations, employers and professional businesses to help coach their members and workers about student loan relief, including student loan refinancing.
Matt Carter is editor of Pulp News.
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