Local Firm’s New Benefit: Paying Off Student Debt
COLLEGEVILLE PA – PeopleShare, a Collegeville-based staffing firm that finds temporary and permanent clerical, financial, and light industrial workers for companies in six states, said it would begin offering each of its own employees $250 a month to help them pay off their student loans.
“Our employees have told us their student loan debt is a huge source of stress,” PeopleShare co-founder and co-CEO David Donald explained. “We hope this new benefit will lessen some of that worry and help them pay off that debt more quickly.” The amount being paid exceeds tuition reimbursement programs at many of the nation’s companies, it claimed.
Regionally, PeopleShare operates offices in Pottstown, Reading, and West Chester, among a total of 31 across Pennsylvania, New Jersey, Maryland, Delaware, Virginia, and Illinois. It cited U.S. News and World Report statistics that indicated 70 percent of college graduates have student loans, which average about $30,000 when their schooling ends.
“This will help us get the best people to work and stay at PeopleShare,” co-founder and co-CEO Ryan Clark added.