Name: This fintech company says it will pay off your student-loan debt if it hires you
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This fintech company says it will pay off your student-loan debt if it hires you

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advertisementadvertisementThis 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.advertisementFIS, a publicly traded provider of technology solutions for merchants, banks, and capital-market firms, just announced this it’ll hire starting in 2021. FIS claims it’s the first employer in the financial-services sector to do so. Only about offer a similar benefit, up from .The benefit comes at a time when student-loan debt is topping (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 from Experian, that number has risen 116% over the last 10 years.New hires (no matter their age, so it applies to those who graduated later in life as well) who come through the FIS University program will begin getting the principal on their student-loan debt balance paid after one year and will receive a complete principal debt payoff after spending 10 years with the company. FIS is also committing to doubling the representation of Black and Latinx leaders at its firm at a time when the racial gap in student-loan debt is growing. Black college graduates are carrying nearly student-loan debt as their white counterparts as they begin their careers.advertisementadvertisement“As the company that empowers the financial and commerce world by advancing the way the world pays, banks, and invests, it’s important that we invest in the future generation of FIS leaders,” Gary Norcross, FIS chairman and CEO, said in a statement.advertisementadvertisementadvertisementadvertisementadvertisement

advertisementadvertisementThis 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.advertisementFIS, a publicly traded provider of technology solutions for merchants, banks, and capital-market firms, just announced this it’ll hire starting in 2021. FIS claims it’s the first employer in the financial-services sector to do so. Only about offer a similar benefit, up from .The benefit comes at a time when student-loan debt is topping (yes, with a t) and a whopping 45 million Americans...

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Lydia Dishman

Fast Company is a monthly American business magazine published in print and online that focuses on technology, business, and design. It publishes eight print issues per year. Fast Company was launched in November 1995 by Alan Webber and Bill Taylor, two former Harvard Business Review editors, and publisher Mortimer Zuckerman.

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This fintech company says it will pay off your student-loan debt if it hires you

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