City becomes first to offer student loan repayment benefits: Who’s next?

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Here’s yet another sign that student loan repayment benefits are more than a passing fad. 

The City of Memphis just announced the Student Loan Reduction Program, which was created specifically to help employees with their student loan debts.

With the program, which is being administered for the city by,, Memphis becomes the first U.S. city to offer student loan repayment benefits for employees.

‘Effectively compete for talent’

Beginning on July 1, eligible Memphis city workers (active, full-time employees of the city for at least 12 months) will receive monthly contributions of $50.

Memphis’ Chief HR Officer, Alex

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