Today we are proud to announce a new step forward in supporting students and lifelong learners. Starting this spring, Chegg will launch a college loan reduction plan for full-time Chegg employees. The loan reduction plan will be provided in partnership with Tuition I.O., a personal-finance management site for student borrowers.
With reports of student loan debt reaching an all-time high of $1.2 trillion, Chegg is taking an innovative action to combat an issue that is plaguing past and present students.
“We will continue to speak out publicly and nationally on this subject,” said Rosensweig. “But we also want to start helping our own employees now and start a new trend in business benefits. With any luck, other companies will soon follow our lead.”
Chegg will contribute an annual amount toward paying down full-time employees’ student loans, and will be rolling out an on-line loan management tool to help optimize payments. More details of the loan reduction plan are expected to be announced next week.
For more information about employee benefits at Chegg, visit chegg.com/jobs/benefits