23 Companies That Pay Off Student Loan Debt
A college degree is often seen as the pathway to a stable, well-paying career. However, with rising education costs, many students rely heavily on loans, which can reduce or even wipe out the financial advantages of earning that degree.
That’s why employer-based student loan repayment assistance is becoming one of the most valued workplace benefits today. More companies are acknowledging the burden of student debt and stepping up to support their employees.
If you’re exploring new job opportunities and dealing with student loan stress, consider focusing on employers that offer repayment assistance as part of their benefits package. It could make a significant difference in your financial future.
Companies That Help Pay Off Student Loan Debt
While more employers are beginning to understand that student loan repayment support is an important benefit for attracting and keeping skilled workers, the perk is still not very common. As of 2022, only about 10% of employers provided this benefit, according to the Society for Human Resource Management.
Because of this, identifying companies that genuinely offer student loan repayment assistance can feel challenging during your job search. You can start with well-known national employers that already provide this perk, but make sure to look beyond big brands — many local businesses are also beginning to support employees with their education debt.
Keep in mind that this list is far from complete. An October 2021 survey from the Employee Benefit Research Institute found that nearly half of employers were considering adding student loan repayment support in the future.
So when you’re interviewing for a job, don’t hesitate to ask whether the company currently offers this benefit or has plans to introduce it. It could end up being a valuable part of your overall compensation package.
1. Abbott
Abbott supports employees through its Freedom 2 Save program, which helps workers pay off student loans without sacrificing their retirement goals. When employees put at least 2% of their salary toward student loan payments, Abbott contributes the equivalent of 5% of their pay into their 401(k). This innovative benefit allows workers to build retirement savings while reducing debt, helping them avoid years of lost investment growth. Both part-time and full-time employees are eligible.
2. Aetna/CVS Health
Aetna, part of CVS Health, directly helps employees reduce their student loan balance by matching their contributions. Full-time employees can receive up to $2,000 per year, with a lifetime cap of $10,000. Part-time employees can receive up to $1,000 per year, capped at $5,000. Employees must make the matching minimum payment each month to qualify for the full benefit.
3. AlloSource
AlloSource partners with Tuition.io to send monthly payments directly to employees’ loan servicers. The company contributes a set percentage each month toward loan principal. Full-time workers who have completed one year at the company are eligible for this support, making it a meaningful financial benefit for long-term employees.
4. Ally Financial
Ally Financial offers a Student Loan Paydown Assistance program as part of its Total Rewards package. Employees receive $100 per month toward their student loans, with a lifetime maximum of $10,000. This steady assistance helps employees reduce debt more quickly while advancing in the financial services industry.
5. Andersen Global
Andersen Global partners with Gradifi to provide substantial student loan support. Full-time employees receive $100 per month for 60 months. At the end of five years, they receive an additional lump sum of $6,000. In total, workers can receive up to $12,000 in loan repayment assistance. Employees working at least 20 hours per week and who have been employed for at least one month qualify.
6. Carvana
Carvana partners with Gradifi to help employees manage student debt. Full-time staff can receive up to $1,000 per year toward their student loans. This benefit helps employees reduce their balances while working in the fast-growing automotive tech industry.
7. Carhartt
Carhartt provides loan repayment assistance through Tuition.io for both full-time and part-time workers. The company contributes $50 per month toward student loans, up to a lifetime limit of $10,000. This small but steady contribution helps employees lower their balances over time.
8. Chegg
Chegg supports employees through two strong repayment programs. Every employee receives $1,000 per year toward their student debt. Additionally, under its Equity for Education program, eligible entry-level and manager-level employees with at least two years of service receive up to $5,000 more annually. This generous support aligns with Chegg’s mission in the education sector.
9. Estee Lauder
Estee Lauder offers student loan repayment assistance through Tuition.io, contributing $100 per month. Employees can receive up to $10,000 total, helping them manage their debt while building careers within major brands like Clinique, MAC, Origins, and more.
10. Fidelity Investments
Fidelity offers one of the more generous student loan benefits, increasing its lifetime assistance cap to $15,000 per employee starting in 2021. Eligible employees receive support from their first day on the job. Fidelity also provides financial planning and student debt guidance.
11. First Republic
First Republic’s tiered repayment benefit starts with $100 per month in the first year, increases to $150 in the second year, and reaches $200 per month from the third year onward. There is no overall cap—employees continue receiving support as long as they remain employed and have loans to repay. The program is open to full-time and part-time workers who put in at least 20 hours weekly, and even Parent PLUS borrowers can participate.
12. Google
Google introduced its student loan repayment program in 2021. U.S. employees can receive up to $2,500 per year in matching student loan contributions. The company is working toward expanding the benefit internationally over time.
13. Honeywell
Honeywell provides $150 per month in student loan repayment assistance through Gradifi. The company offers up to $10,000 total in support, helping employees lower their debt more quickly while advancing in the engineering and manufacturing fields.
14. LendEDU
LendEDU offers $200 per month — or $2,400 annually — toward employee’s student loans, with no lifetime cap. Workers can use the benefit for as long as they need to pay off their debt, making it one of the most flexible programs available.
15. Live Nation
Live Nation, the parent company of Ticketmaster, provides $100 per month in student loan repayment support through Tuition.io. The lifetime cap is $6,000, offering employees several years of consistent financial help.
16. New York Life
New York Life partners with Student Loan Genius to offer $170 per month toward eligible employee’s student loans for up to five years. That adds up to $10,200 in total assistance. The benefit starts on the first day of employment for qualifying non-officer employees.
17. Nvidia
Nvidia offers a robust student loan repayment program covering up to $500 per month or the employee’s required monthly payment, whichever is lower. Employees can receive up to $6,000 per year, with a generous lifetime maximum of $30,000. The benefit applies to most federal and private loans, though Parent PLUS loans aren’t eligible. Employees must have graduated within the past three years to qualify.
18. Peloton
Peloton contributes $100 per month toward employee’s student loan balances through Gradifi. This steady assistance helps workers reduce their debt while building careers in the fitness and technology industry.
19. Penguin Random House
Penguin Random House was the first major publishing company to introduce student loan repayment assistance. Employees receive up to $100 per month — or $1,200 annually — with a lifetime limit of $9,000. The benefit supports workers as they grow in the publishing industry.
20. PricewaterhouseCoopers (PwC)
PwC offers up to $1,200 per year ($100 per month) in student loan repayment support through Gradifi, with a lifetime cap of $10,000. This program is available to associates and senior associates, helping young professionals manage debt earlier in their careers.
21. SoFi
SoFi provides its employees with $200 per month in student loan repayment assistance, with no lifetime maximum. Workers can use the benefit as long as they need. Employees also receive access to free financial education and resources.
22. Terminix
Terminix offers $50 per month through Tuition.io for both part-time and full-time employees. There is no lifetime cap, making this a long-term support benefit for employees working in pest control services.
23. U.S. Government
Federal agencies can provide employees with up to $10,000 per year in student loan repayment assistance, with a lifetime maximum of $60,000. More than 35 agencies — including all cabinet departments — offer this benefit. Eligible employees with federal loans may also qualify for Public Service Loan Forgiveness, which erases remaining federal loan balances after 120 qualifying payments.
Conclusion
Student loan repayment assistance is becoming an increasingly important benefit for employees across industries. Companies like Google, Fidelity Investments, Nvidia, and many others are recognizing that helping employees manage their student debt not only attracts top talent but also supports long-term financial well-being. Whether through direct loan payments, matching contributions, or flexible programs, these benefits can make a significant difference in reducing financial stress and accelerating debt repayment.
For job seekers, considering employers that offer student loan assistance can be a smart move, providing both immediate relief and long-term financial advantages. By taking advantage of these programs, employees can achieve greater financial stability while focusing on their careers and personal growth.
