Americans have fewer vacation days than their European counterparts, and yet we still don’t use them all. Some companies allow you to roll them over and cash out when you quit, but for many Americans they just disappear into the ether. If you don’t use all your vacation days, it’s just a boon for the company–they get more work out of you for no more money.
Combine this with the crushing student loan debt many employees have–and their desire to sacrifice to reduce that burden–and insurance company Unum Group came up with a solution: trade in your unused vacation for extra money towards your student loans. (They also will allow parents who carry their children’s loans to use this benefit.)
To keep reading, click here: This Company Lets You Turn Your Unused Vacation Days into Student Loan Payments