FCA US Launches Student Loan Refinancing Benefit To Help Employees Tackle Student Debt 

FCA US Launches Student Loan Refinancing Benefit To Help Employees Tackle Student Debt 

FCA US among the first automotive companies to offer student loan refinancing as a benefit.

FCA US has added a student loan refinancing program to its package of benefits offered to salaried employees. The program is being offered in partnership with CommonBond For Business, the student loan benefits platform from financial technology company CommonBond.

FCA US salaried employees with student loan debt, as well as employees with federal government-backed Parent PLUS loans, are now eligible to refinance these loans through the program with preferred terms.

CommonBond student loan refinancing enables employees to replace existing loans with a new, lower interest rate loan that has award-winning customer service, strong borrower protections and a social promise. CommonBond is the only company in finance or education with a one-for-one social mission. For every loan it funds, CommonBond also funds the education of a child in need.

“With so many people entering the workforce with student debt, FCA US is proud to reinforce our commitment to offer this competitive and much needed benefit for our employees,” said Barb Pilarski, head of human resources, FCA – North America. “These benefits will provide FCA US employees a less costly means to pay off student debt and support their path to a sound financial future.”

The student loan refinance program is part of a recently launched financial fitness initiative to provide FCA US employees with convenient access to important financial resources, tools, links to FCA program offerings and more.

You May Also Like

GPC Delivers on 2023 Financial Goals

GPC reported mid-single-digit total sales growth and its third consecutive year of double-digit earnings growth.

Genuine Parts Company released its financial results for the fourth quarter and twelve months ended December 31, 2023. Sales for the fourth quarter of 2023 were $5.6 billion, a 1.1% increase compared to the same period in the prior year. Net income for the quarter was $317 million, a 25.8% increase compared to the previous year. Diluted earnings per share were $2.26, up 27.7% from the prior year.

MPA Reports Strong Financial Results for Fiscal Q3 2024

MPA’s Q3 results showed increases in net sales, operating income and cash flow from operating activities.

O’Reilly Reports Q4, Full-Year 2023 Financial Results

The company said it anticipates continued growth in 2024, with projections including 190 to 200 net new store openings.

financial results
Valvoline, Inc. Reports Q1 Growth

Valvoline saw an increase in system-wide stores to 1,890, including 895 company-operated stores and 995 franchised stores in Q1.

Valvoline Instant Oil Change building
Eaton Reports Record Q4 2023 Results

Fourth-quarter sales reached $6 billion, an 11% increase from the previous year, driven by organic growth and a slight boost from foreign exchange.

Other Posts

PACCAR Achieves Record Annual Revenues, Net Income

PACCAR Parts reported a record annual pre-tax income of $1.7 billion and revenues of $6.41 billion.

Financial-results
Valeo to Develop Digital Twin for ADAS Simulation

This collaboration is designed to speed up the development of ADAS features by automotive OEMs.

Valeo-digital-twin-adas
Continental Unveils Strategy for Enhanced Value Creation

Continental is focusing on business areas with high growth potential, including making its UX business organizationally independent.

Conti-HQ
AutoZone Q1 Domestic Same Store Sales Increase 1.2%

The company’s same-store sales showed a 25.1% jump internationally.