Fidelity Investments is expanding its Student Debt Benefit program to include more options for employers to help employees pay off their student loans. 

Under the Student Debt: Retirement option, an employer allows its employees' student debt payments to qualify for the company's matching 401(k) contribution. Raytheon and The Travelers Cos. have signed up for the program, which will take effect in January 2020.

Also starting early next year is Fidelity's Student Debt: Benefit Choice, which will allow employees to trade in paid time off not taken into student debt payments. Unum, the employee benefits company, has signed up for this benefit.

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Bernice Napach

Bernice Napach is a senior writer at ThinkAdvisor covering financial markets and asset managers, robo-advisors, college planning and retirement issues. She has worked at Yahoo Finance, Bloomberg TV, CNBC, Reuters, Investor's Business Daily and The Bond Buyer and has written articles for The New York Times, TheStreet.com, The Star-Ledger, The Record, Variety and Worth magazine. Bernice has a Bachelor of Science in Social Welfare from SUNY at Stony Brook.

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