The student loan paydown is a perk that is offered by Live Nation Entertainment and is a way for the company to "attract Millennials." The business partners up with tech start-up Tuition.io, a company responsible for administering the wonderful employee benefits program.
The student loan paydown is offered to individuals who have been working for Live Nation Entertainment for at least six months. With the average debt to universities and colleges amounting to $35,000, the company aims to support its employees with up to $1,200 per year.
As businesses that offer the student loan paydown perk are "just about 3% in corporate America," Live Nation Entertainment's approach to its benefits program is exceptional and will, without a doubt, attract new and freshly graduated workers.