Employer Voluntary Student Loan Contribution

Student_Loan_Madness

Please advise.

Can my employer make additional voluntary contributions to my student loan? I.e not from my salary but as a joining bonus or something like that.

I have heard of some employers paying off all of a new employees student loan. But can't find any information about this on-line.

Thanks in advance

redpete

Student_Loan_Madness wrote: »

Please advise.

Can my employer make additional voluntary contributions to my student loan? I.e not from my salary but as a joining bonus or something like that.

I have heard of some employers paying off all of a new employees student loan. But can't find any information about this on-line.

Thanks in advance

They can certainly pay you an extra amount equal to what it would take to pay off your loan - you could then choose to do with it what you wish. I don't know if they could pay i directly into your account.

Choosing a profession or employer because they offer to pay off your loan seems a bit short-sighted.

somethingcorporate

I've never heard of such a scheme and I agree with your user name, it does sound madness.

A number of companies offer "golden hellos" but to match them against a mystery figure that could run to tens of thousands does seem a bit bizarre!