Philadelphia-based MRP, a firm that makes and offers a suite of analytics software solutions for sales and marketing purposes, has introduced a new benefit that will offer employees a monthly contribution towards their student loan debt, according to Technical.ly Philly.
The new employee perk started on June 1, 2017, and it will be available to each of the 230 U.S.-based employees of MRP. MRP also has offices in Europe, Asia, and the Middle East.
The employees of MRP will receive monthly contributions of $100 that will go directly towards paying off their student debt. While that may not seem like a lot, it can make a serious impact over time.
In an email to Technical.ly, CEO Kevin Cunningham said, “With so many of our junior team members being new college graduates, our goal was to reduce this burden as they begin their career. We place an enormous value on our team, and we know one of this group’s biggest concerns is student loan debt. That’s why we’re proud to be one of just a handful of companies in Philadelphia offering this new benefit.”
According to LendEDU, there are over 43.3 million student loan borrowers in the U.S. that collectively hold $1.41 trillion in outstanding student loan debt. The average borrower has a student debt balance of $28,400. With that in mind, it’s no surprise that more companies are starting to pick up the slack.
As the student debt crisis worsens, a number of U.S. based companies are now offering a student loan employee benefit. Last year, LendEDU announced a new employee benefit that would contribute $2,400 each year towards an employee’s student loan debt balance. This number equates to $200 per month.
Author: Dave Rathmanner
Your Guide to Financial Freedom
Money tips, advice, and news once a week
Join the LendEDU newsletter!Thanks for submitting!Please Enter a valid email
Student Loan Guides
Student Loan Reviews