Alphabet to Help Employees Tackle Student Loans

Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) wants to do its part to tackle student debt, so beginning in 2021, Google will match student loans up to $2,500 per employee per year as a company benefit. John Casey, Google's director of global benefits, announced this plan in an internal email on Thursday.

Casey noted that the cost of education has become an obstacle to getting ahead financially. Google hopes that with this benefit, its indebted employees can save money, start a family, or invest in a 401(k).

"Lack of financial resources should not prevent someone from accessing the opportunities that come with education," Casey said.

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Source Fool.com