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My previous job used to pay $200 a month toward my loans, but they had a cap of 5 years or until you reach manager level whichever came first. It was negotiated when you're hired or during performance reviews.
I haven't really heard of this in engineering. I have heard of signing bonuses and relocation packages that people have used to pay off a portion of debt. It would be a nice offering if it existed.
Very rare in the US. Japan on the other hand like of companies are so desperate for employees they are offering full comp and a guaranteed 2 year minimum job position to 2nd year collage students. Shrinking population has them desperate for employees right now. Us has the opposite issue... too many degree holders competing for the same position but a similar issue arising in the skilled trades departments for different reasons.
My last employer had education benefits. Earned my bachelor's through the program. What made it awesome is they did direct billing so the school just billed them and they paid the tuition. I just had to cover fees, my job paid for classes and books.
Not a thing that I’ve experienced. I’ve always have just thrown whatever bonus / extra pay at my loans.
Nope they don't offer that at my company or at any other company I have worked for, for that matter. It must be rare because I have never heard of them offering that as a benefit but that would be awesome.
It's slightly more common than you expect, but not often well advertised and often requires the educational classification to be within your field. Also most companies set X dollar figure per quarter or year well below the actual cost of tuition per quarter or year making it a turnoff for those who do find it within their benefits.
Mine does