Emory issued the following announcement on June 16.
In an effort to help employees with student loan debt, Emory Healthcare launched a new student loan repayment benefit on June 15, 2022.
Emory Healthcare employees who are benefits-eligible and have been employed for 90 days can take advantage of this new program. Employees can receive a $100 monthly loan payment (up to $1,200 a year), sent directly to their student loan account servicer, with the first tax-free contribution occurring in July. These additional payments will help reduce the length of the employee’s student loan.
“We are excited to offer this new loan repayment benefit option to assist in our valued employees’ journey to financial student loan freedom,” says Lilicia Bailey, chief human resources officer for Emory Healthcare. “This new benefit adds to a wide array of options offered to our team members to support growth, well-being and ease of financial stress.”
Emory Healthcare is collaborating with Tuition.io, an educational assistance benefits platform, to offer the program.
When enrolling with Tuition.io, employees will have access to a full suite of tools to help manage and, over time, eliminate student loan debt. Resources include: one-on-one student loan coaching, a marketplace for refinancing existing student loans and information and assistance with loan forgiveness programs.
The program can also help prepare with future college financing. If employees are parents of college-bound children, Tuition.io will help find ways to save and pay for their education, as well.
“Relieving the heavy burden of student loan debt can help our employees focus on the future,” says Bailey.
The Emory Healthcare Student Loan Repayment Benefit has a $10,000 lifetime cap per employee. Eligible student loans must be in the employee’s name and must have been used for the employee’s education purposes only.
Original source can be found here.
Source: Emory
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