McDonalds has launched a program in metro Atlanta and northwest Georgia that forgives some employee student loans.
The Student Loan Forgiveness pilot program was launched earlier this year for crew members and managers at the 264 franchise restaurants in North Georgia.
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Applicants can request that $1,250 be paid directly to their student lender once a year. According to the Education Data Initiative, Georgia has the third highest federal student loan debt in the nation with an average of $41,639 owed per loan. Over 15% of the population has student loan debt.
“Since Georgians have one of the highest per capita student debt ratios in the country, we wanted to help our people,” said Rachel Mitchell, owner and operator of McDonald’s. “We recognized that this was a unique opportunity that many employers do not provide, both to help our employees pay off their education debt and to attract new employees to the job market. competitive hiring today. »
Employees are eligible to apply for loan relief after 90 days of employment and are eligible to participate once per year that they work with the company.
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McDonald’s restaurants in Georgia are looking to attract and hire approximately 12,000 new employees this summer.