Candidly to Help American Eagle Outfitters Associates Pay Down Over $100K of Student Debt — Retail Bum

cThe effort will have a total impact of more than $2.8 million and shave 766 years off associates’ repayment time.

“By directly addressing student debt within the workplace, AEO is recognizing the full spectrum of financial health and wellness across their associate population,” said Laurel Taylor, CEO and founder of Candidly.

“As partners, we are thrilled to serve and create greater financial freedom for their associates while positioning AEO as a highly attractive employer for college students and graduates.”

The new benefit is now available to full-time and part-time U.S.-based associates at all AEO corporate offices, distribution centers and retail stores. Full-time associates who have worked at least two years with the company can also receive a monthly, tax-free student loan contribution from AEO through Candidly.

In addition, AEO associates will have access to the best-priced borrowing options, prepare and plan for college, pay for college, explore forgiveness and federal student debt savings programs while improving their financial wellness.

“At AEO, our people come first and we are committed to providing associates the tools and resources they need to meet their personal financial health and wellness goals,” said Jessica Catanese, senior vice president of Total Rewards at AEO Inc. “Our partnership with Candidly has been well-received, and we are thrilled to reach this major milestone in helping our associates repay more than $100,000 of outstanding student loans.”

Photo credit: American Eagle Outfitters

Originally published at https://retailbum.com on February 27, 2023.