Fast Company
This year, 400 lucky college grads will not only land their first “real” job but will also be the beneficiaries of a new student-loan repayment program from an employer.
FIS, a publicly traded provider of technology solutions for merchants, banks, and capital-market firms, just announced this benefit for the U.S.-based college graduates it’ll hire starting in 2021. FIS claims it’s the first employer in the financial-services sector to do so. Only about 4% of private-sector employers offer a similar benefit, up from 3% in 2015.
The benefit comes at a time when student-loan debt is topping $1.5 trillion (yes, with a t) and a whopping 45 million Americans owe money for their education—some of whom weren’t even able to earn their degree. According to data from Experian, that number has risen 116% over the last 10 years.
