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Starbucks Adds Employee Benefits to Help With Student Debt, Build Savings Accounts

Starbucks is adding a couple new employee benefits, both of which will begin Sept. 19. The first, dubbed the Student Loan Management Benefit, has been designed to help U.S. employees manage their student loans via a partnership with the online tool benefit platform Tuition.io. The second, My Starbucks Savings, is intended to help employees save for the “unexpected.” In partnership with Fidelity, employees can contribute a portion of after-tax pay on a recurring basis directly from their paycheck to an individual savings account. As an incentive, Starbucks will provide $25 and $50 credits at certain milestones.