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Companies raise perks to repay employees’ student loans

In this article ABT-0.36 (-0.28%) watch now Leahannah Taylor graduated from Rutgers University with a master’s degree in biomedical sciences — and $59,000 in student debt — in 2019. She’s now debt-free. It took her less than two years to wipe out her student loan balances, she said, thanks to an enticing incentive offered by her employer.

“My strategy was to attack the debt,” said Taylor, 27, a clinical specialist for the medical devices company Abbott. “I wanted to be in the black as soon as possible.”

Using her employer benefit, Leahannah Taylor was able to pay off her student loan debt and save for retirement.

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