Let's get real, the majority of America's millennials bogged down by student loan debt are not going to have them paid off by hip-hop and pop artists like Nicki Minaj, Beyonce or Chance the Rapper.
But, their employers are now an option.
According to a new survey by global outplacement firm Challenger, Gray & Christmas, 72.5% of employers in the U.S. are planning to offer student loan assistance "to attract and recruit young talent."
"While celebrity action is helpful on a small scale, it is nowhere near enough to shift the tide on the $1.3 trillion dollars of student loan debt in the United States," Andrew Challenger, the firm's vice president, said in a statement. "Student loan debt is the second highest consumer debt in the country, with over 44 million borrowers."
Earlier this month, Grammy nominee Minaj pledged to help pay $20,000 in student loan debt for 12 of her fans, granted they had a good GPA. Beyonce and Chance the Rapper have also made similar pledges.
Show me straight A's that I can verify w/ur school and I'll pay it. Who wants to join THAT contest?!?!����♀️ Dead serious. Shld I set it up? https://t.co/czH715u64a— NICKI MINAJ (@NICKIMINAJ) May 7, 2017
Challenger, Gray & Christmas reported that 26% to 50% of workers at a mere 33% of companies are millennials, those born between 1981 and 1997, while 78% of employers are trying to recruit from that generation.
But, while 72.5% of companies say they want to offer student loan assistance as a benefit, currently only 22% do. And only 14% of the employers planning to offer this new benefit say it will happen soon, according to Challenger, Gray & Christmas.
Luckily for millennials, financial services firm Bankrate compiled a list of 12 companies they found already offer student loan debt assistance, and how much they're offering. Here they are.
Online lender Social Finance, SoFi, contributes a $200 monthly payment to each of its employees to help them pay down their student loan debt.
Workforce management software provider Kronos contributes $500 a year to its employees to help them repay their student loans.
Employee benefit servicing company Tuition IQ pays $100 a month to help its full-time workers get out of student loan debt.
Student loan refinancing site LendEDU will pay up to $2,400 to each of its employees to help them pay down their student loan debt.
Student loan payment service provider Gradifi offers its own employees $10,000 over five years to help pay down their student loan debt.
Accounting firm PricewaterhouseCoopers offers up to $10,000 to each of its employees who have worked with the firm for at least one year for student loan repayment.
Marketplace lender CommonBonds provides up to $1,200 a year to help its employees pay back their student loans.
Advertising company Connelly Partners pays its employees $10,000 over five years to help them pay down their student loan debt.
Paris-based Natixis Global Asset Management provides its Boston full-time employees, who have been with the firm for at least five years, up to $5,000 to help them pay down outstanding federal Stafford or Perkins loans. Employees can receive an additional $1,000 each year.
Financial services provider Fidelity Investments contributes up to $10,000 annually to a fund set up to help scale down its employees' student loan debt.