New Innovative FIS Program Aims at Retiring Student Loan Debt for Next Generation of Company Leaders
Key facts:
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FIS’ recruitment benefit pays down student loan debt for eligible college graduate hires within the
U.S.
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Starting this year, hires in the
FIS University program are eligible for the debt repayment program after one year of service.
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U.S. college students are overwhelmed with$1.5 trillion in loan debt, with minority students being most impacted.
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The FIS student loan program, the first of its kind in the financial services industry, is available for college graduates who are hired through the
“As the company that empowers the financial and commerce world by advancing the way the world pays, banks and invests, it’s important that we invest in the development of future FIS leaders,” said
While the amount of student debt faced by graduates today is staggering, it’s more overwhelming for many minority students. For example, Black college graduates are living with almost twice as much student debt as White college graduates when entering the job market.2 Additionally, although they make up 56% of American college students, women hold nearly two-thirds of America’s outstanding student debt.3
FIS was named as one of Fortune Magazine’s 2021 World’s Most Admired Companies and is considered a Best Place to Work for lesbian, gay, bisexual, transgender and queer (LGBTQ) equality by the
Learn more about the
FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our employees are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in
2 http://money.com/money/4540266/student-debt-racial-gap/
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For More Information
Senior Vice President
kim.snider@fisglobal.com
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