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PeopleShare to Pay Employees’ Student Debt

David Nadiradze

Jan 28, 2021

PeopleShare announced Friday, January 29th, 2021, it will be paying $250/month to each employee to help pay off their student loans.  This new benefit aligns with PeopleShare’s mission to invest and support its employees in their long term professional and financial stability.

“Our employees have told us their student loan debt is a huge source of stress. We hope that this new benefit will lessen some of that worry and help them pay off that debt quicker,” said David Donald, Co-founder of PeopleShare. “This is our way of paying back the investment our employees have made in themselves.”

According to US News and World Report, about 70% of college graduates have student loans, with the average person leaving school with over $30,000 of debt.  Many companies offer a tuition reimbursement program, but less than 1 in 100 companies repay their employees’ student loans at the level PeopleShare is providing.

“Our employees are the heart and soul of our company. This will help us get the best people to work and stay at PeopleShare. This benefit is the next step to show our employees just how much we care,” said Ryan Clark, Co-founder of PeopleShare.

This news comes in the wake of many recent initiatives and accomplishments of the company, including:

  • Named on Forbes 2020 America’s Best Professional Recruiting Firms List

  • Voted Best Place to Work in PA 2020 – Central Penn Business Journal

  • Voted Best Place to Work for 12 consecutive years – Philadelphia Business Journal

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