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Practice Listening: Highlight Correct Summary ID: #34464 Medium Millennials
Instructions
When joining a new company, there are often perks to consider: a company car, maybe a plan. With Millennials now making up the lion's share of the workforce, a number of companies are betting that helping to pay off student debt is the next game-changer when it comes to attracting and retaining the best and the brightest. It’s not a bad wager. Total education debt stood at a staggering 1.52 trillion at the end of March. And while the perk is by no means reserved only for millennials, it's not lost on anyone that the average student loan borrower will have graduated this year saddled with more than 37.000 in debt. One of the companies touting the new benefit is the same one - Fidelity Investments - that already handles millions of workers' 401 plans. Businesses enrolled in its Student Debt Employer Contribution program are able to make after-tax contributions to their employees’ outstanding student loans, setting their own parameters as to “who” and "how much" with the help of a modeling tool for estimating their potential recruitment and retention cost savings.
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