Would you rather get out of town or get out of debt?
One company offers students a chance to pay off their loans using extra vacation days.
PTO Exchange announcing Thursday it’s launching a new program called “PTO Education”.
The platform empowers companies to let employers trade their unused paid time off for a different benefit of their choice.
Workers can apply the monetary value of their vacation days to retirement savings, charities, and now, student debt.
While many companies offer student loan help, this program allows employers to use funds from already budgeted benefits.
The company hopes this will alleviate the nation’s mounting student debt crisis; now at an all-time high of 1.5-trillion dollars.