New York Life Adds Student Loan Repayment Program for Employees

“Part of our commitment to the well-being of employees means offering benefits that address the real challenges they face,” Katherine O’Brien, senior vice president and chief human resources officer at New York Life, said in a statement. “Student loan debt can create significant obstacles when it comes to achieving other life milestones, such as buying a home or starting a family. We are delighted to offer this new benefit to help ease the financial burden of student loans and make life better for our employees.”

New York Life has partnered with Student Loan Genius, a student loan benefits provider, to offer its counseling and contribution services to employees. Through Student Loan Genius, employees will be receiving help via online tools, email and phone where live counselors offer personalized student loan guidance.

— Related on ThinkAdvisor:

• New York Reminds Student Borrowers to Apply for Loan Forgiveness
• A Portrait of the Student Loan Borrower: Older, Deeper in Debt, More Likely Delinquent