New York Life launched a student loan repayment program offering up to $10,200 over five years for eligible employees, as well as student loan advice and online planning tools.
Through the new benefit, employees who have taken out student loans for themselves will receive assistance to accelerate their student loan repayment plans. If they have taken a loan out for their child, they will receive counseling and advice to help guide them through the repayment process.
New York Life is making these benefits available to eligible employees on day one of their employment. Eligible workers include non-officer employees with student loans in New York Life Insurance Co., NYL Investors, New York Life Investment Management and Index IQ.