Google will help employees pay off their student loans beginning in 2021.
The company announced Thursday that it will match up to $2,500 per employee per year, beginning with Googlers in the US.
The student loan crisis in the US disproportionately affects Black borrowers, who are likely to be saddled with more debt than white borrowers. Employee groups for Black Googlers helped bring the new program to fruition, CNBC reports.
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Google is going to start helping its employees pay off their student loans, the company announced Thursday.
Beginning in 2021, Google will match up to $2,500 in loan payments per employee each year, beginning with US employees and expanding to its global workforce in the future. According to CNBC, the program will only be available to full-time employees, not contractors or temporary workers.