The program, which is flexible and voluntary, applies to any student loan debt in an employee’s name, including Parent PLUS loans. It also applies to an employee’s 529 savings account for any beneficiary to encourage savings for future education.
Nearly two-thirds (65%) of college-educated adults carry student loans, according to First Republic Bank, and student debt in America totals
“As part of our commitment to continuously evolve our total rewards and invest in our talent, we are always exploring programs that employees value,” said
This latest offering builds on MassMutual’s broad range of competitive and comprehensive benefits and programs, which include generous and progressive caregiver, bereavement, maternity and parental leaves; significant coverage for fertility and gender affirmation services in its health plan; leading adoption and surrogacy reimbursement programs; and other offerings employees have told us are meaningful to them.
MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. Founded in 1851, the company has been continually guided by one consistent purpose: we help people secure their future and protect the ones they love. With a focus on delivering long-term value, MassMutual offers a wide range of protection, accumulation, wealth management and retirement products and services. For more information, visit www.massmutual.com.
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