{"id":215513,"date":"2022-05-31T11:45:37","date_gmt":"2022-05-31T18:45:37","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=215513"},"modified":"2022-05-31T11:55:11","modified_gmt":"2022-05-31T18:55:11","slug":"caesars-is-boosting-student-loan-assistance-for-its-employees","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/caesars-is-boosting-student-loan-assistance-for-its-employees\/","title":{"rendered":"Caesars Offering $5,250 Annually in Student Loan Assistance for Staffers"},"content":{"rendered":"

Workers across a variety of industries struggle to service student loan obligations. But Caesars is easing that burden for its employees.<\/p>\n

\"student
Caesar Palace on the Las Vegas Strip. The operator is increasing student loan and tuition benefits for employees. (Image: Eater Vegas<\/em>)<\/figcaption><\/figure>\n

The largest domestic gaming company by number of venues today announced a new education assistance program for its nearly 50,000 workers, including expanded annual student loan repayment of up to $5,250 per year.<\/p>\n

The new program, All-In On Education, includes, student loan debt repayment options, tuition assistance, scholarship opportunities for Team Member’s dependents and a 529 college savings plan,\u201d<\/strong> according to a statement issued by the casino operator.<\/p><\/blockquote>\n

Caesars, the second-largest operator<\/a> on the Las Vegas Strip, is also boosting its annual tuition assistance program to $5,250.<\/p>\n

Good Timing by Caesars<\/h2>\n

The announcement of expanded tuition assistance and elevated student loan debt servicing by Caesars comes as the student debt issue remains a focal point of US political discourse. Approximately 46 million Americans have student loan obligations totaling a staggering $1.75 trillion.<\/p>\n

\n

Plenty of parents, students, and politicians on the left are clamoring for the Biden Administration to wipe out student debt for federal loan borrowers. The White House recently floated a plan to absolve borrowers of $10,000 in debt. But that idea was derided by those demanding entire obligations be erased. Currently, there is no viable plan to limit college costs, because the party pitching erasing student loans counts college administrators and professors as one of its key voting blocks.<\/p>\n<\/div>\n

\u201cAmong the class of 2020, 55% of bachelor\u2019s degree recipients took out student loans, graduating with an average of $28,400 in federal and private debt. And 14% of parents with students in the class of 2019 \u2014 the latest data available \u2014 took out an average of $37,200 in federal parent PLUS loans,\u201d <\/strong>according Student Loan Hero.<\/em><\/p>\n

To put $1.75 trillion into context, it\u2019s well in excess of Google parent Alphabet\u2019s (NASDAQ:GOOG) market capitalization of<\/a> $1.54 trillion.<\/p>\n

Caesars Plan Could Be Good for Nevada<\/h2>\n

By way of operating nearly 20 gaming venues in Nevada from the Las Vegas Strip<\/a> to Lake Tahoe to Reno to Laughlin, Caesars is one of the state\u2019s largest non-government employers. And like residents of the other 49 states, Nevadans are struggling with college-related liabilities.<\/p>\n

From 2010 to 2020, student loan debt in the state surged a jaw-dropping 155%. Today, the average burden per borrower is $34,000 for a total of $11.5 billion, The Nevada Independent <\/em>\u00a0reported earlier this month.<\/strong><\/p>\n

Caesars\u2019 529 college savings plan, which also includes tax benefits, is likely to be useful to employees because, as of last year, the average 529 plan had less than $29,000 in it — barely enough to cover one of year expenses at many universities.<\/p>\n","protected":false},"excerpt":{"rendered":"

Workers across a variety of industries struggle to service student loan obligations. But Caesars is easing that burden for its employees. The largest domestic gaming company by number of venues today announced a new education assistance program for its nearly 50,000 workers, including expanded annual student loan repayment of up to $5,250 per year. The […]<\/p>\n","protected":false},"author":46,"featured_media":215514,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[],"acf":[],"yoast_head":"\nCaesars Is Boosting Student Loan Assistance For Its Employees<\/title>\n<meta name=\"description\" content=\"Caesars is increasing student loan and tuition benefits its workers across the US>.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Caesars Is Boosting Student Loan Assistance For Its Employees\" \/>\n<meta property=\"og:description\" content=\"Caesars is increasing student loan and tuition benefits its workers across the US>.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/caesars-is-boosting-student-loan-assistance-for-its-employees\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-31T18:45:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-31T18:55:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/05\/CP-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"1050\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/caesars-is-boosting-student-loan-assistance-for-its-employees\/\",\"url\":\"https:\/\/www.casino.org\/news\/caesars-is-boosting-student-loan-assistance-for-its-employees\/\",\"name\":\"Caesars Is Boosting Student Loan Assistance For Its Employees\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/caesars-is-boosting-student-loan-assistance-for-its-employees\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/caesars-is-boosting-student-loan-assistance-for-its-employees\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/05\/CP-1.jpg\",\"datePublished\":\"2022-05-31T18:45:37+00:00\",\"dateModified\":\"2022-05-31T18:55:11+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Caesars is increasing student loan and tuition benefits its workers across the US>.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/caesars-is-boosting-student-loan-assistance-for-its-employees\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/caesars-is-boosting-student-loan-assistance-for-its-employees\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/caesars-is-boosting-student-loan-assistance-for-its-employees\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/05\/CP-1.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/05\/CP-1.jpg\",\"width\":1400,\"height\":1050,\"caption\":\"Caesar Palace on the Las Vegas Strip. 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