MassMutual’s workplace offering, MapMyFinances, to offer student loan solutions from
The refinancing program is provided through
“Student loan debt is at epidemic proportions and is preventing many workers from securing their financial futures,” said
There are 44 million Americans who owe a total of
CommonBond’s refinancing program opens the door for individuals with student loan debt to achieve other financial objectives, such as insurance coverage, home purchase, or retirement savings. This new program enables people to potentially pay off their loans faster and may save thousands of dollars in interest. And, when someone refinances,
“We are excited to expand our partnership with MassMutual through the MapMyFinances wellness offering and be able to help millions of people with student debt take control of their financial lives,” said
MassMutual began tackling student loan debt through the workplace last year by introducing a separate student loan repayment and management program, which enables student loan repayments as well as employers to help pay down principal.
“Addressing, managing and paying off student loan debts is a huge priority for many Americans,” Lapiana said. “MassMutual is offering student loan debt management resources to attack the problem as part of our overall objective of helping all Americans achieve financial security.”
MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. MassMutual offers a wide range of financial products and services, including life insurance, disability income insurance, long term care insurance, annuities, retirement plans and other employee benefits. For more information, visit www.massmutual.com.