In the August 5, 2016 edition of the Byte of Prevention Blog, Jay Reeves of Lawyers Mutual Liability Insurance Company of North Carolina writes:
Some law firms are starting to offer relief on student loan debts as a perk for new hires.
Ward and Smith, a 91-person firm based in New Bern, is one of them. The firm is working with Gradifi Inc., a Boston company that tailors student loan payment programs for companies and, increasingly, for law firms.
“Summer associates that we wanted to hire began mentioning what a big burden student debt was,” said Mike Epperson, the firm’s chief operating officer in the New York Times. “They could have more than $100,000 in debt and they were worried. The firm already has a profit-sharing plan, but we decided that student loan repayment help was one more way we could show our younger attorneys that we wanted to help them from the very beginning.”
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