Wednesday, March 23, 2016

Fidelity Stays Faithful to Students

You kids would be the first!

"Thousands of Fidelity workers get help paying off student loans" by Deirdre Fernandes Globe Staff  March 15, 2016

Nearly 5,000 Fidelity Investments employees have enrolled in the company’s recently launched benefits program that helps workers pay off their student loan debt, the Boston financial services company said Tuesday.

Fidelity launched the program several weeks ago, joining an increasing number of employers that provide such a benefit to workers.

Fidelity workers who have been with the company for six months or more can qualify to receive $2,000 a year that’s paid toward their student loans.

Fidelity will provide up to $10,000 for student loan repayments.

The average student debt in the United States [is] about $29,000. 

In other words, the company that deals in billions is giving you chump change while perpetuating the entire $y$tem. 

Good thing Amurkn kids are too stoopid to figure it out.

Economists say the high level of student loan debt is forcing young adults to delay big financial decisions such as buying a home and having children.

“As a financial services firm, this was really concerning to us,” said Jennifer Hanson, the head of associate experience and benefits at Fidelity. “We felt that providing a benefit like student loan repayment assistance helps us to address a very real financial concern that is impacting our employees directly.”

Fidelity is using technology developed by California-based Inc., a student loan management company, to automatically direct payments to the loan provider.

Other companies, including Natixis Global Asset Management, a Boston-based unit of the French financial firm Natixis, and PricewaterhouseCoopers, the global auditing and consulting firm, are also helping their workers pay off student loans. 

The name seems familiar.

Human resources specialists have said that loan repayments are a way for companies to compete for and retain younger workers as the job market tightens.... 


Already preparing the narrative for the economic crash they will no longer be able to hide. 

And ignore the illegal immigrants working the two or three jobs you don't want, too.


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