“We are proud to be the first municipality in the country to offer this kind of student debt assistance to our workforce. We view this as an important investment in our employees,” said Alex Smith, City of Memphis Chief Human Resources Officer.
Beginning July 1, eligible Memphis city workers will receive monthly contributions of $50 towards principal repayment of their student loans small change, considering that for the 27 percent of adults who borrowed money to finance their education, the average monthly payment is $533, according to the Federal Reserve.
Still, the program aims t…
Read the full article at: http://www.cnbc.com/2017/06/12/memphis-will-help-its-city-employees-pay-off-their-student-loans.html