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A Guide to US Companies Helping You Repay Student Loan Debts

Student loans are an unfortunate and sometimes unavoidable part of college life for many students in the United States. Still, long after many graduates hung their hard-earned diplomas on the wall and joined the world of work, they made something that felt like a never-ending series of monthly payments to student loan providers. increase.

There are several ways to prevent students from crushing student loan debt, but some of the solutions are a bit tough. For example, the US military pays college tuition.Still, serving your country is a rewarding and noble business, but the time you spend serving can conflict with long distances. Career plan.

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Some countries, such as Brazil, Finland, Germany and Norway, pay tuition fees, but there are conditions such as becoming a citizen of the European Union.

But don’t be afraid. There is another resource! Some US companies are proposing to help repay student loans as a benefit. That’s what we’re going to cover today. Next, let’s see what the organization is willing to do to repay the student loan debt.

But how did you get into this situation in the first place?

How did college tuition and student loan debt escalate?

Inflation is a reality, but let’s face it. Some costs are increasing faster and more dramatically than others.according to Educationdata.orgThe cost of a four-year college program at a public university was $ 3,349 in 2000. The cost of a private university is $ 14,616 for a similar program. By 2020, these numbers were $ 9,349 and $ 32,769, respectively.

In short, college tuition increases are 171.5 percent above inflation.

According to the article from US News and World Report, Private national university tuition and tuition fees increased by 144%, while out-of-state national university tuition and tuition fees increased by 171%. However, tuition and tuition fees within the state of public national universities have experienced the worst increases, skyrocketing 211 percent.

As a result, more US college students have assumed more unpaid tuition debt. Educationdata.org As of March 2022, student loan debt is reported to be $ 1.479 trillion. This graph, also provided by Educationdata.org, shows how worse the situation has been.

As a result, college tuition has experienced an inflationary runaway for decades, and as a result, we have confirmed that more students are taking out more loans. Now let’s see how the corporate sector can help reduce pain by helping repay student loans.

Top companies to help you repay student loan debt

Even if signing up for an army hitch or changing citizenship isn’t on your “to do” list, you can still look for the business world to help with that annoying student loan debt. Many companies offer tuition refunds as a benefit in some way.

In fact, given how companies are trying to mitigate pandemic-based staff shortages and deal with layoffs, more companies may offer tuition refunds to attract new prospects. there is.

But for now, here’s a list of the top 10 companies that will help you pay off some of your student loan debt. Keep in mind that things can change rapidly in today’s ever-evolving business world. Be sure to check the information before committing. This information is from late 2021 to early 2022.

  • Aetna: This healthcare giant provides student loan repayments and tuition assistance for school employees. Aetna matches $ 1 for $ 1 student loan payments up to $ 2,000 a year for a total of $ 10,000.
  • Amazon: Amazon offers Amazon’s Career Choice Program, which prepays up to 95 percent of employees’ tuition and fees if they have a degree or certificate in a field of demand. There is an annual limit, and benefits begin with one year of employment.
  • Carmax: Full-time CarMax employees receive up to $ 5,250 in refunds per year, covering tuition, fees and textbooks. Employees can take courses in any field, but must have a grade of C or higher.
  • Deloitte: Deloitte is one of the four largest companies in one of the world’s largest professional services accounting networks. They offer a $ 10,000 annual tuition refund to employees who have been with the company for at least one year. father, Excellent employee Those who have been with Deloitte for more than two years are eligible for graduate tuition assistance.
  • Fidelity Investments: This financial services giant began offering student loan assistance in December 2021. The program provides employees with up to 90% cost or up to $ 10,000 a year in student loan support. In addition, work-related university courses must be taken at an accreditation body. This benefit begins after an employee has worked at Fidelity for six months.
  • Google: Search engine giants launched a new tuition refund program for US employees in 2021. Google is worth up to $ 2,500 per employee per year.
  • Intel: Intel has two major benefits for employees. First, Intel has Intel University. This is an in-house training organization for beginners. As a result, employees can choose from over 7,000 courses. Second, Intel offers 100% refunds on tuition, textbooks, and fees, with a lifetime limit of $ 50,000.
  • JM Smuckers Company: The company owns popular brands such as Smucker, Dunkin Donuts and Pillsbury and will refund 100% of the tuition fees for qualified college courses.
  • McDonald’s: Fast food companies offer The Archways to Opportunity program. The program provides qualified managers with up to $ 3,000 per year in tuition assistance and qualified managers with up to $ 2,500 per year in tuition.
  • Oracle: This multinational computer technology company offers full-time employees taking courses related to their current or planned position with a refund of up to $ 5,250 per year. Candidates must get a passing score of B- or higher.

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Presenting an alternative to expensive college loans

The companies mentioned above (and many other companies like them) offer a way to alleviate the pain of college tuition, but there is still the problem of being hired by one of those companies in the first place! Unfortunately, US university costs are showing no signs of declining, and the school lending industry continues to thrive.So it seems that ambitious people have limited options IT Professional Someone who wants a good education and doesn’t break the bank in the process.

But there is hope. Once upon a time, it was thought that students would start studying at university soon after graduating from high school. But today, more and more graduates enjoy taking a “gap year”, essentially a year away from research, before starting their studies at university.

But Simplilearn, The world’s number one online boot camp provider helps aspiring IT professionals make good use of their gap years. Simplilearn offers many accredited courses and boot camps in a variety of IT-related areas, providing students with the skills they need to succeed in today’s digital market.

for example, Cloud computing Is a fast-growing part of today’s digital world. Would you like to sign up for Simplilearn? Caltech Cloud Computing Boot Camp?? This boot camp will help you become an expert in cloud implementation design, planning, and scaling. This course will give you the core skill set you need to design and deploy dynamically scalable and reliable applications on cloud platforms such as: Microsoft Azure When AWS.

Do you know? Perhaps your IT career aspirations do not even depend on working in a four-year college program! Simplilearn’s programs provide a cost-effective and convenient way to acquire the skills IT employers are looking for. Check out Simplilearn’s boot camp today!

https://www.simplilearn.com/guide-to-companies-in-usa-that-help-pay-off-student-loan-debt-article A Guide to US Companies Helping You Repay Student Loan Debts

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