PwC Will Offer Student Loan Stipends

New York-based PwC (FY14 gross revenue of $11.7 billion) has announced 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, the firm announced.

“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,” PwC’s Michael Fenlon said. “We believe we’ve got to be part of the solution.”