12 Best Companies That Help Pay Student Loans

As you near your college graduation, you may be wondering how to pay off those student loans? There is no doubt that college is expensive, and while scholarships and aid can help, many students need to take out loans to cover the gap. Fortunately, you may not be alone in bringing it back. Some companies help pay off student loans! Here are some examples of jobs and companies you might want to apply for to help you deal with those monthly payments.

Companies that help pay off student loans

1. Aetna

Aetna, a health insurance company, offers a tuition reimbursement program for its employees. Individuals must be eligible to enter the program but must contact the company for more information on eligibility.

In addition, Aetna also offers a tuition assistance program where it covers expenses related to college and education related to an individual's position in the company. The amount you get depends on whether you are in college full-time or part-time and the type of degree or courses you are pursuing.

2. Fidelity Investments

 Fidelity Investments is a financial services company that also offers a tuition reimbursement program for its employees. They offer grants of up to $10,000 to those who qualify.

3. Nvidia

Nvidia, a computer technology company, offers up to $30,000 in student loans to its eligible employees. Individuals must have worked with the company for at least 3 months and graduated from college within the last 3 years. 

Nvidia also reimburses tuition fees for those who wish to return to school for certain courses and refinance student loans through its partnership.

4. Random Penguin House

Penguin Random House is a book publishing house and another company that helps pay off student loans for its employees. Full-time employees who have worked for the company for at least one year can receive assistance of up to $1,200 annually, although the maximum is $9,000.

5. SoFi

SoFi is a personal finance company that offers student loans and refinancing programs, but also provides financial assistance to its employees. Every month, SoFi employees can receive up to $200 in their payments.

6. US Government

The US Government has tuition reimbursement plans for many employees! The amount of money an individual can receive (and if the program is offered) depends on the agency. However, the program can only be used to pay off federal student loans, not private. Also, public service workers can qualify for the Public Service Loan Forgiveness (PSLF) program as long as they have made 120 consecutive payments and meet other requirements.

7. Andersen Global

 Andersen Global, in partnership with Gradfi, has had a student payments program for its employees who work more than 20 hours a week and work with the financial services company for at least one month. Eligible individuals can receive up to $12,000 over five years.

8. Estee Lauder

This beauty company offers its team members both tuition payment and student loan assistance. Those who qualify for the Student Loan Assistance Program can receive up to $100 per month with a total limit of $10,000.

9. Ally Finance

Although Ally Financial does not offer student loans to those looking to attend college, they will help their staff pay it off! The total rewards program awards up to $100,000 per month.

10. Carvana

Like Andersen Global, Carvana has partnered with Gradfi to offer a student loan repayment program. Full-time employees can get up to $1,000 a year to pay off their existing debts.

11. Chegg

An education technology website, Chegg also offers financial assistance to its employees and student loans. Under the Equity for Education program, employees can receive cash payments to put towards their loans ($1,000 annually) or shares of stock.

12. And More

 There are many other companies that help pay off student loans! Here are some more:

Carhartt

The Google

Hello

Lockheed Martin

peloton

PricewaterhouseCoopers

station

The common bond

New York Live

First Republic

This is by no means a definitive list! Businesses large and small across the country (and the world) have student loan repayment and tuition reimbursement programs for their employees. If you are interested in learning more about your employer and potential programs, try contacting your human resources department.

While the company's student loan repayment programs can reduce your debt, they likely won't cover all of your expenses. Is it time to refinance your loans and aim for a lower interest rate? Find out how you can refinance and compare loan options here!