The Cape Cod Five Cents Savings Bank recently announced a Student Loan Assistance Program available to its employees to help with repayment of student loans for higher education. The program will be administered by Massachusetts-based Gradifi.
“We recognize the profound impact that student loan debt has on so many in this country, and understand the long-term benefits of helping alleviate that burden, which may be overwhelming to some of our employees and applicants looking to pursue a career with Cape Cod Five,” said Dorothy A. Savarese, President and CEO of Cape Cod Five. “Our talented, dedicated employees work hard each day to help our customers achieve their financial dreams, and we are offering our employees student loan repayment assistance as a way to help them reach their own personal and financial goals.”
The Student Loan Assistance Program is open to all regular full-time and part-time employees of the Bank who have student loans in their name for their education. The Bank will contribute monthly payments, on behalf of eligible employees with qualifying loans, made directly to the loan servicer to assist with paying down the principal of the student loan.