Credible
Get Rates
  • Refinance Student Loans
    • Compare Options
      • Best Refinancing Companies
      • Lender Reviews
      • Refinance Student Loans
      • Student Loan Consolidation
    • Learn the Basics
      • Fixed vs. Variable Rates
      • Forgiveness Programs
      • Consolidation vs Refinancing
      • Repayment Plans
      • More on Student Refi
    • How to
      • Consolidate Your Student Loans
      • Pay Off Your Student Loans
      • Lower Your Interest Rate
    • Tools
      • Current Student Loan Refi Rates
      • Refinancing Calculator
      • Repayment Calculator
      • Student Loan Score Calculator
  • Student Loans
    • Compare Options
      • Private Student Loans
      • Parent Student Loans
      • Law School Loans
      • Medical School Loans
      • Graduate Student Loans
    • Learn the Basics
      • Student Loan Limits
      • Living Expenses
      • Applying for FAFSA
      • Federal Student Loans
      • Student Loan Interest Rates
      • More on Student Loans
    • How To
      • Pay for College
      • Take Out Student Loans
      • Apply Without Cosigner
      • Apply for Student Loans
      • Pay for Grad School
    • Tools
      • Best Private Student Loans
      • Current Student Loan Rates
      • Student Loan Interest Calculator: Estimate Payments
      • Lender Reviews
  • Personal Loans
    • Compare Options
      • Best Personal Loan Lenders
      • Lender Reviews
      • Get Personal Loan Rates
    • Learn the Basics
      • How to Qualify
      • How to Get a Loan
      • Where to Get a Loan
      • Personal Loans with Cosigner
      • Pay Off Credit Card Debt
      • More on Personal Loans
    • Best for
      • Credit Card Consolidation
      • Debt Consolidation Loans
      • Home Improvement Loans
      • Good Credit
      • Fair Credit
      • Bad Credit
    • Tools
      • Current Personal Loan Rates
      • Personal Loan Calculator
  • Mortgages
    • Compare Options
      • Mortgage Refinance
      • Home Loan
      • Best Mortgage Refinance Companies
      • Best Mortgage Lenders
      • Mortgage Preapproval
      • Mortgage Payment Calculator
    • Compare Rates
      • Mortgage Refinance Rates
      • 30-Year Fixed Refinance Rates
      • 15-Year Fixed Refinance Rates
      • Home Loan Rates
      • 15-Year Fixed Mortgage Rates
      • 30-Year Fixed Mortgage Rates
    • Learn the Basics
      • How to Buy a House
      • How to Refinance Your Mortgage
      • How to Get the Best Rate
      • Cash-Out Refinancing
      • More on Home Loans and Refi
    • Pay Off Mortgage
      • Home Equity to Pay Off Debt
      • Paying Off Mortgage Early
      • Mortgage Refinance Cost
  • Insurance
    • Insurance Products
      • Insurance Products
      • Learn more about home insurance
    • Compare Options
      • Compare Insurance Quotes
      • Home Insurance Guide
    • Learn the Basics
      • What Home Insurance Covers
      • How Much Home Insurance You Need
      • Estimate Your Home Replacement Cost
      • How to Change Home Insurance
  • Company
    • About
    • Reviews
    • Blog
    • Lenders
    • Editorial Guidelines
    • FAQs
    • Press
  • Find My Rate
Advertiser Disclosure

15 Companies That Help Their Employees Repay Student Loans

If a company you’re interested in doesn’t offer student loan repayment assistance, refinancing might be another way to save money on your student loans.

Emily Guy Birken Emily Guy Birken Edited by Ashley Harrison Updated October 27, 2022

Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as "Credible."

Modern employers recognize that they need to offer valuable benefits to attract and retain new employees — which is why many of them now provide assistance to help their team members pay off student loans.

Keep in mind that in many cases, this perk is reserved for top performers or long-term employees.

Here’s what you should know about companies that repay student loans:

  • 15 companies that help their employees repay student loans
  • Next steps with job hunting and student loan repayment
  • Consider refinancing your student loans

15 companies that help their employees repay student loans

As of 2021, 43.2 million U.S. adults have student loans — the average student loan debt for these borrowers is $39,351, though there are also many borrowers that have much higher debt loads than this.

In response, student loan repayment assistance is becoming an increasingly common benefit at a variety of companies. Here are 15 companies that provide this perk to their employees:

  • Abbott
  • Carhartt
  • Carvana
  • Chegg
  • CommonBond
  • Estee Lauder
  • Fidelity Investments
  • 
Google
  • Honeywell
  • Hulu
  • Live Nation
  • 
Peloton
  • Penguin Random House
  • 
SoFi
  • Staples


Abbott

Abbott, a health technology company, provides the Freedom 2 Save program to help employees pay off their student loans so they can also save money for retirement. This program is available to full- and part-time employees who:

  • Qualify for the company’s 401(k)
  • Contribute at least 2% of their eligible pay toward student loans

Employees who meet these requirements will then receive an amount equivalent to the 5% company match, which will be deposited into their 401(k) accounts. This can help employees build their retirement savings while putting their own funds toward paying off their student loans.

For example: An employee who earns a salary of $70,000 and participates in the Freedom 2 Save program could see $54,000 accumulate in their 401(k) over a 10-year period — without having to make any contributions toward their 401(k) themselves.

Carhartt

Workwear brand Carhartt provides $50 per month ($10,000 lifetime limit) in student loan repayment assistance to its full-time and part-time employees — the contribution is made directly to the employee’s loan servicer.

To be eligible for this program, non-union and union employees must work for the company for at least 30 or 90 days, respectively.

Learn More: Federal Student Loan Repayment Options

Carvana

Online car retailer Carvana offers its employees up to $1,000 in student loan repayment assistance per year. Employees must work full time to be eligible for this benefit.

Chegg

Education technology company Chegg offers student loan repayment assistance through its Equity for Education program. Any Chegg employee can receive $1,000 to put toward their student loans through this program — no matter if they attended a two- or four-year school or if they graduated.

On top of this, employees who are entry-level through manager-level employees who have worked at Chegg for at least two years can get another $5,000 annually, while employees at the level of director or vice president can get up to another $3,000.

CommonBond

CommonBond provides student loan repayment assistance to its employees.

Each team member with student loan debt is eligible to receive $100 per month to pay toward their loans beginning on their first day of employment, regardless of their job title.

Estee Lauder

Beauty company Estee Lauder offers $100 per month in student loan repayment assistance. Employees can get a maximum of $10,000 contributed toward their education debt.

Fidelity Investments

Financial services company Fidelity Investments offers a generous student loan repayment assistance program to its employees. The amount that employees are eligible for depends on how many hours they work.

  • 30 or more hours per week: Up to $2,143 per year ($15,000 lifetime maximum)
  • 20 to 29 hours per week: Up to $1,071 per year ($7,500 lifetime maximum)

Google

Technology giant Google launched a student loan repayment assistance program for employees in 2021. Through this program, Google will match up to $2,500 in student loan payments for each full-time employee.

The company has specified that this perk is part of its initiative to create a more equitable workplace.

Honeywell

Honey, a conglomerate corporation, offers a student loan repayment assistance program to employees working at its Atlanta office. Under this program, eligible employees can receive $150 per month ($10,000 maximum limit) to pay toward their education debt.

Hulu

Hulu, a streaming media company owned by Disney, provides its employees with up to $1,200 to match their student loan payments. Most Hulu positions require a bachelor’s degree, which means this benefit will most likely assist borrowers who have earned a bachelor’s or higher.

Live Nation

Live Nation Entertainment promotes, manages, and operates ticket sales for live entertainment around the world, and it offers its employees a variety of great perks, including student loan repayment assistance.

The company will match up to $100 per month in student loan contributions with a lifetime cap of $6,000.

Check Out: How to Get Student Loan Repayment Help

Peloton

Fitness technology company Peloton offers $100 per month in student loan repayment assistance to its employees. Peloton hopes to attract and maintain motivated, talented employees by providing this benefit.

Penguin Random House

Penguin Random House was the first book publisher to offer student loan repayment assistance to its employees. Regular, full-time employees can get $100 per month ($1,200 annually) paid toward their student loans for up to seven and a half years and a maximum of $9,000.

To be eligible, employees must have worked at Penguin Random House for at least one year.

SoFi

Personal finance company SoFi offers a variety of products from student loan refinancing to mortgages — and it also was one of the pioneers to begin offering student loan repayment assistance to its employees.

SoFi provides $200 per month in student loan repayment to its employees with no annual cap or maximum limit.

Staples

Staples, an office supply store, offers $100 per month (up to $3,600) of student loan repayment assistance to active, full-time employees who have at least one outstanding education debt. To be eligible, employees must also have graduated or be in the process of earning a degree from an accredited institution.

Learn More: The Complete List of Student Loan Forgiveness Programs

Next steps with job hunting and student loan repayment

More and more companies are beginning to offer student loan repayment assistance as a way to attract and retain employees. If you’re looking for a new job and want your future employer to help with your student loan repayment, you might consider applying with one of the companies above.

Tip: As you search for jobs, be sure to check the benefits pages of any potential employers to see if they offer any student loan repayment benefits.

Alternatively, if you’re already employed, consider asking your employer if they’d be willing to begin offering this perk. Be prepared to show them how this would benefit both the company and the employees.

Check Out: Can’t Pay Your Student Loans? What You Need to Know

Consider refinancing your student loans

No matter if your employer offers loan repayment assistance or not, there are also other strategies that could help you pay off your loans more easily. One option to think about is student loan refinancing — a process that pays off your old loans with a new private loan, leaving you with just one loan and payment to manage.

Keep in mind: Depending on your credit, you might qualify for a lower interest rate through refinancing, which could save you hundreds or even thousands of dollars in interest.

Or you could opt to extend your repayment term to reduce your monthly payments — however, this also means you’ll pay more in interest over time.

If you decide to refinance your loans, remember to consider as many lenders as you can to find the right loan for your needs. This is easy with Credible: You can compare your prequalified rates in just two minutes — without affecting your credit.

Find out if refinancing is right for you

  • Compare actual rates, not ballpark estimates – Unlock rates from multiple lenders in about 2 minutes
  • Won’t impact credit score – Checking rates on Credible won’t impact your credit score
  • Data privacy – We don’t sell your information, so you won’t get calls or emails from multiple lenders

See Your Refinancing Options
Credible is 100% free!

Trustpilot

About the author
Emily Guy Birken
Emily Guy Birken

Emily Guy Birken is a Credible authority on student loans and personal finance. Her work has been featured by Forbes, Kiplinger’s, Huffington Post, MSN Money, and The Washington Post online.

Read More

Home » All » Student Loan Refinancing » 15 Companies That Help Their Employees Repay Student Loans

Student Loan Repayment Options


  • Federal Student Loan Repayment
  • Private Student Loan Repayment
  • Standard Repayment Plan
  • Graduated Repayment Plans

Compare Your Student Loans

  • Calculate Student Loan Score
  • Student Loan Repayment Calculator
  • Student Loan Refi Calculator

👇 CARES Act Info 👇

  • COVID-19 Student Loan Relief

Income-Driven Repayment Options

  • How to Choose Your IDR Plan
  • Income-Contingent Repayment
  • REPAYE Plan
  • PAYE Plan
  • PAYE vs. REPAYE
  • Recertify Income for IDR: Guide

Refinancing Guides

  • How to Refinance Student Loans
  • Refinancing Federal Student Loans
  • Refinancing Private Student Loans
  • Consolidating Student Loans
  • When to Refinance Student Loans
  • How to Refinance with Bad Credit

Additional Resources

  • Current Student Loan Refi Rates
  • List: Student Refi Lenders
  • List: Parent Plus Refi Lenders
  • No Degree Needed Refi Companies
  • Lender Reviews

  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to email a link to a friend (Opens in new window)

Related Articles

Student Loan Refinancing

How to Pay Off $70,000 in Student Loans

Personal Loans

Should I Use a Personal Loan to Pay off My Student Loan Debt?

Student Loan Refinancing

Student Loan Forgiveness and Repayment Programs for Dentists

  • Read More
    • Refi Student Loans
    • In School Loans
    • Personal Loans
    • Mortgages
    • Insurance
  • Resources
    • Lender Reviews
    • Loan Calculators
    • Student Loan Score Calculator
    • Data Insights
    • Debt Statistics
    • Sitemap
  • Compare
    • Student Loan Refinance
      • Current Student Loan Refi Rates
    • Student Loan Consolidation
    • Private Student Loans
      • Current Student Loan Rates
    • Personal Loans
      • Current Personal Loan Rates
    • Refinance Mortgage
      • Mortgage Refinance Rates
        • 15-Year Fixed Refinance Rates
        • 30-Year Fixed Refinance Rates
    • Home Loans
      • Home Loan Rates
        • 15-Year Fixed Mortgage Rates
        • 30-Year Fixed Mortgage Rates
    • Insurance
  • Top Lenders
    • Best Student Loan Refi Companies
    • Best Private Student Loans
    • Best Personal Loans
    • Best Mortgage Lenders
    • Best Mortgage Refinance Companies
  • Company
    • About
    • Reviews
    • Blog
    • Editorial Staff
    • Editorial Guidelines
    • News
    • Press
  • Legal
    • Terms of Use
    • Privacy Policy

© 2023 Credible


Credible Operations, Inc. NMLS ID# 1681276 | NMLS Consumer Access | Licenses and Disclosures
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.