LOWELL, Mass.–Jeanne D’Arc Credit Union said it has created a new program to help its employees pay off their student loans. The credit union has partnered with Gradifi on the Student Loan Pay Down Program, through which Jeanne D’Arc said it will make direct monthly payments of $125 to employees’ student loan accounts, paying up to $10,000 on each participant’s loan.
Employees who work at the credit union full time for a minimum of six months are eligible to participate in the program.
“Many of our dedicated employees have the obligation of paying student loans, and we understand the impact this may have on their financial lives,” said President/CEO Mark S. Cochran. “Each day, we help our members work toward financial success, and our new Student Loan Pay Down Program allows us to do the same for our employees.”
The $1.3-billion Jeanne D’Arc has approximately 85,000 members.