Newest workplace perk: Trading vacation days for student debt relief

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Planning a trip is nice. Paying down your student loan tab may be nicer.

Last year alone, American workers gave up about $62.2 billion in lost benefits by forfeiting over 200 million vacation days that could not be rolled over, according to Project: Time Off, which is sponsored by the U.S. Travel Association.

What if all that dough went toward your student debt?

In 2018, Fidelity Investments began to offer businesses a way to contribute to their workers’ education loans. Since then, more than 50 companies have signed up.

One company is now trying a different approach to help its employees tackle student debt in the year ahead.

Employee benefits provider Unum recently announced that, starting next year, U.S. employees can trade up to five days, or 40 hours, of unused vacation time for a payment against their student loan tab through the Student Debt Relief Program, which is


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