As part of a new work benefit, Google will help employees pay off their student loans beginning in 2021 and will match up to 2,500 per employee per year.
The new work benefit was introduced as a response to the global student loan debt issue, which is currently $1.5 trillion dollars, twice what it was a decade ago. According to Google, this disproportionately affects women ad communities of color, and Google believes that a "lack of financial resources should not prevent someone from accessing the opportunities that come with education."
As the student loans continue plaguing society, specifically disadvantaged communities, we can expect other big brands to follow Google's lead and to support their employees with similar benefits.
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