Have you heard about Freddie Mac's Student Loan Repayment Program? It's a great way for employees to ease the stress of monthly loan payments and make their life just a little bit easier. Eligible employees receive contributions totaling up to $9,000 over a five-year period to help them pay down their student loans.
"We know this is a differentiator benefit for Freddie Mac and we hear from new employees that it was a contributing factor in coming to work here," said Mary Ann Pence, director of benefits at Freddie Mac.
Over 800 Freddie Mac employees are taking advantage of the program. Here's how it's helped:
"Getting my MBA has been in the back of my mind for years, but I haven't been able to give that idea any serious consideration since I already had enough student loan debt looming over my head. I'm so glad there isn't an age limit because with this new benefit in my back pocket combined with the education assistance program, I can actually start taking some of those classes sooner than expected and even roll those loans into this program if I want to!"
"There was a time where deferments and forbearances were simply a fact of life, and that drastically extended the life of my loans. With my daughter's transition this year from high school to college, this program helps lift some of the weight off my family's budget. Freddie Mac really is the gold standard when it comes to its benefits package."
"I've only been in this program for a year and I've already paid off one of my student loans. Having this burden lifted allows me to focus on paying off other debts that have higher interest rates, and that's an amazing feeling! Student loans are different from any other kind of debt. The fact that they cared enough about our daily challenges to help us tackle them head on is just one more example of why I like working here."
The following undergraduate, graduate and certificate program loans are all eligible:
Equal Opportunity in Employment and Contracting | Supplier Diversity Policy
Freddie Mac is committed to the principles of equal opportunity in our employment and contracting practices, regardless of race, color, national origin, ethnicity, gender, gender identity/expression, sexual orientation, marital status, status as a parent, pregnancy, religion, age, disability status, veteran status, genetic information, and other characteristics protected by law. We've demonstrated this commitment in our policies, our procedures, and our actions.
Freddie Mac takes our commitment to the principles of equal opportunity very seriously. If you have reason to believe one of our policies has been violated, you can voice your concerns by contacting our Compliance & Ethics Helpline at FreddieMacEthicsHelpline.com or 1-877-301-CODE (2633). Freddie Mac strictly prohibits retaliation or reprisal.
Michael Hutchins
President
Freddie Mac
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