Major accounting firm to offer student loan allowance as new perk


Accounting giant Pricewaterhouse Coopers (PwC) announced Tuesday that it will offer a student loan stipend to select employees starting in July of 2016.
Just under half of the firm's 46,000 American workers will be eligible for the new perk, which will pay $1,200 per year for up to six years — totaling a quarter of the average student loan load of $28,400 — with no repayment or other contract obligation.
PwC is not the first company to offer a benefit like this, but it is likely the largest, which means this recruiting boon could well be trendsetting. "We saw this as a way to provide leadership on a major societal issue, as well as something that's really important to our people," said PwC's Michael Fenlon. "We believe we've got to be part of the solution."
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Bonnie Kristian was a deputy editor and acting editor-in-chief of TheWeek.com. She is a columnist at Christianity Today and author of Untrustworthy: The Knowledge Crisis Breaking Our Brains, Polluting Our Politics, and Corrupting Christian Community (forthcoming 2022) and A Flexible Faith: Rethinking What It Means to Follow Jesus Today (2018). Her writing has also appeared at Time Magazine, CNN, USA Today, Newsweek, the Los Angeles Times, and The American Conservative, among other outlets.
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