Amica Announces Support for Employees with Student Loan Debt
Amica Mutual Insurance Company, a Council member, has announced a new benefit to assist employees with student loan debt. The company is offering full-time employees $100 a month, and up to $6,000 total per person.
Amica will provide this new benefit by partnering with Bright Horizons EdAssist Solutions, a Watertown, MA, firm that offers benefits programs. Under the new program, Amica employees will be able to access personalized coaching on student loan repayment strategies and online student loan debt-management resources. Employees will also have access to a tuition reimbursement program to encourage employees to further their education.
Jill Andy, Senior Vice President in Amica’s Human Resources department said, “We want to help our employees reduce stress and improve their financial well-being. With student loan debt growing nationwide, this program will help our current employees with this expense, and it makes Amica an even more competitive employer.”
The NEC applauds Amica’s assistance to their employees, and for taking steps to address the student loan debt crisis.