SIF’s Modern New Program Goals To Take Out Pupil Mortgage Debt For Subsequent Technology Of Enterprise Executives

Highlights:

With $ 1.5 trillion in mortgage debt1 crush American college students and graduates, a pacesetter in monetary applied sciences FIS® (NYSE: FIS) introduced a brand new pupil mortgage compensation program for U.S.-based faculty graduates who’re employed by FIS beginning this 12 months.

This press launch incorporates multimedia. See the total model right here: https://www.businesswire.com/information/house/20210310005088/en/

The FIS pupil mortgage program, the primary of its type within the monetary companies trade, is accessible to varsity graduates who’re employed beneath the FIS college program. FIS will start repaying the scholar mortgage principal debt stability for every FIS College member after one 12 months of service, with the full principal debt to be repaid after 10 years of service for contributors who proceed to work with FIS. . FIS plans to just accept round 400 college students into this progressive recruitment program in 2021.

“As an organization that strengthens the world of finance and commerce by advancing the way in which the world pays, funds and invests, it is necessary that we put money into the event of future FIS leaders,” mentioned Gary Norcross , Chairman and CEO of FIS. “I’m enthusiastic about this new program and what it means for the way forward for FIS and the shoppers we serve.”

Whereas the quantity of graduate pupil debt right now is staggering, it’s extra overwhelming for a lot of minority college students. For instance, black faculty graduates stay with practically twice as a lot pupil debt as white faculty graduates once they enter the workforce.2 As well as, though they characterize 56% of American college students, ladies maintain virtually two-thirds of excellent American pupil debt.3

FIS has been named as one of many The world’s most admired firms in 2021 in Fortune journal and is taken into account a Greatest office for lesbian, homosexual, bisexual, transgender and queer (LGBTQ) equality by the Human Rights Marketing campaign Basis. The FIS was additionally named probably the greatest internship applications in the US by WayUp, a company that enables early profession candidates to find and be found by employers.

Study extra in regards to the FIS College Program or apply for brand new alternatives on the FIS Profession Web page.

About FIS

FIS is a number one supplier of know-how options for merchants, banks and monetary market firms around the globe. Our individuals are devoted to advancing the way in which the world pays, banks and invests by making use of our scale, deep experience and data-driven data. We assist our prospects use know-how in progressive methods to unravel vital enterprise challenges and ship superior experiences to their prospects. Primarily based in Jacksonville, Florida, FIS is a Fortune 500® firm and is a member of the Commonplace & Poor’s 500® Index. To study extra, go to www.fisglobal.com. Comply with FIS on Fb, LinkedIn and Twitter (@FISGlobal).

1 https://www.forbes.com/websites/wesleywhistle/2020/09/01/what-drives-the-15-trillion-student-debt-crisis/?sh=55c9d1af7aec

2 http://cash.com/cash/4540266/student-debt-racial-gap/

3 https://www.marketwatch.com/story/womens-student-debt-could-hit-1-trillion-within-the-next-year-2018-05-21

See the supply model on businesswire.com: https://www.businesswire.com/information/house/20210310005088/en/

Contacts

For extra info
Kim Snider, 904.438.6278
Senior vice chairman
World Advertising and marketing and Communications FIS
[email protected]

About Natalee Broderick

Natalee Broderick

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