{"id":454709,"date":"2021-03-10T08:10:05","date_gmt":"2021-03-10T13:10:05","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=454709"},"modified":"2021-03-10T08:10:05","modified_gmt":"2021-03-10T13:10:05","slug":"new-innovative-fis-program-aims-at-retiring-student-loan-debt-for-next-generation-of-company-leaders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/new-innovative-fis-program-aims-at-retiring-student-loan-debt-for-next-generation-of-company-leaders\/","title":{"rendered":"New Innovative FIS Program Aims at Retiring Student Loan Debt for Next Generation of Company Leaders"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>New Innovative FIS Program Aims at Retiring Student Loan Debt for Next Generation of Company Leaders<\/b><\/p>\n<p><b>Key facts:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nFIS\u2019 recruitment benefit pays down student loan debt for eligible college graduate hires within the U.S.\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li>\nStarting this year, hires in the FIS University program are eligible for the debt repayment program after one year of service.\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li>\nU.S. college students are overwhelmed with $1.5 trillion in loan debt, with minority students being most impacted.\n<\/li>\n<\/ul>\n<p>JACKSONVILLE, Fla.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nWith $1.5 trillion of loan debt<sup>1<\/sup> weighing down U.S. college students and graduates, financial technology leader <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.fisglobal.com%2F&amp;esheet=52393205&amp;newsitemid=20210310005088&amp;lan=en-US&amp;anchor=FIS&amp;index=1&amp;md5=ac20beb0545c5452220e25e88309137e\">FIS<\/a><sup>\u00ae<\/sup> (NYSE: FIS) has announced a new student loan repayment program for U.S.-based college graduates who are hired by FIS beginning this year.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210310005088\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210310005088\/en\/<\/a><\/p>\n<p>\nThe FIS student loan program, the first of its kind in the financial services industry, is available for college graduates who are hired through the FIS University program. FIS will begin paying off the principal student loan debt balance for each FIS University joiner after one year of service with complete principal debt expected to be paid off after 10 years of service for those participants continuing in employment with FIS. FIS expects to accept approximately 400 students into this innovative recruitment program in 2021.\n<\/p>\n<p>\n\u201cAs the company that empowers the financial and commerce world by advancing the way the world pays, banks and invests, it\u2019s important that we invest in the development of future FIS leaders,\u201d said Gary Norcross, FIS chairman and CEO. \u201cI\u2019m excited about this new program and what it means for the future of FIS and the clients we serve.\u201d\n<\/p>\n<p>\nWhile the amount of student debt faced by graduates today is staggering, it\u2019s more overwhelming for many minority students. For example, Black college graduates are living with almost twice as much student debt as White college graduates when entering the job market.<sup>2<\/sup> Additionally, although they make up 56% of American college students, women hold nearly two-thirds of America\u2019s outstanding student debt.<sup>3<\/sup><\/p>\n<p>\nFIS was named as one of <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.fisglobal.com%2Fabout-us%2Fmedia-room%2Fpress-release%2F2021%2Ffis-named-to-fortunes-2021-most-admired-company-list&amp;esheet=52393205&amp;newsitemid=20210310005088&amp;lan=en-US&amp;anchor=Fortune+Magazine%26%238217%3Bs+2021+World%26%238217%3Bs+Most+Admired+Companies&amp;index=2&amp;md5=8d5aca848623ed86ae45a50e7c916dae\">Fortune Magazine\u2019s 2021 World\u2019s Most Admired Companies<\/a> and is considered a <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.fisglobal.com%2Fabout-us%2Fmedia-room%2Fpress-release%2F2021%2Ffis-named-a-best-place-to-work-for-lgbtq-equality-for-fourth-consecutive-year&amp;esheet=52393205&amp;newsitemid=20210310005088&amp;lan=en-US&amp;anchor=Best+Place+to+Work+for+lesbian%2C+gay%2C+bisexual%2C+transgender+and+queer+%28LGBTQ%29+equality&amp;index=3&amp;md5=a8077f89031064665153a4d9f7438d8d\">Best Place to Work for lesbian, gay, bisexual, transgender and queer (LGBTQ) equality<\/a> by the Human Rights Campaign Foundation. FIS was also named one of the top internship programs in the U.S. by <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.nationalinternday.com%2Ftop100-2020&amp;esheet=52393205&amp;newsitemid=20210310005088&amp;lan=en-US&amp;anchor=WayUp&amp;index=4&amp;md5=a6ef0cfbdcb37ec6fde806b431709d4c\">WayUp<\/a>, an organization that helps enable early-career candidates to discover and be discovered by employers.\n<\/p>\n<p>\nLearn more about the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fcareers.fisglobal.com%2Fus%2Fen%2Fentry-level-programs&amp;esheet=52393205&amp;newsitemid=20210310005088&amp;lan=en-US&amp;anchor=FIS+University+program&amp;index=5&amp;md5=24f11333a0cd1a35ddf7f1d834debf9f\">FIS University program<\/a> or apply for new opportunities on the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.fisglobal.com%2Fcareers&amp;esheet=52393205&amp;newsitemid=20210310005088&amp;lan=en-US&amp;anchor=FIS+Career+Page&amp;index=6&amp;md5=4c9dafca866b06fb1abafbb2849da497\">FIS Career Page<\/a>.\n<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.fisglobal.com%2Fabout-us&amp;esheet=52393205&amp;newsitemid=20210310005088&amp;lan=en-US&amp;anchor=About+FIS&amp;index=7&amp;md5=b01b5f77dd0a3c4add845764a8a42c3c\"><b>About FIS<\/b><\/a><\/p>\n<p>\nFIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our employees are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500\u00ae company and is a member of Standard &amp; Poor\u2019s 500\u00ae Index. To learn more, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.fisglobal.com%2F&amp;esheet=52393205&amp;newsitemid=20210310005088&amp;lan=en-US&amp;anchor=www.fisglobal.com&amp;index=8&amp;md5=b3b0fef6248bee99bf34e2bbaffdba0b\">www.fisglobal.com<\/a>. Follow FIS on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2FFIStoday&amp;esheet=52393205&amp;newsitemid=20210310005088&amp;lan=en-US&amp;anchor=Facebook&amp;index=9&amp;md5=73ab6d84dc8d1b716b0423f5bdcd9f16\">Facebook<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ffis&amp;esheet=52393205&amp;newsitemid=20210310005088&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=10&amp;md5=83bcd5dac524482ea88761941fb3b0ba\">LinkedIn<\/a> and Twitter (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FFISGlobal&amp;esheet=52393205&amp;newsitemid=20210310005088&amp;lan=en-US&amp;anchor=%40FISGlobal&amp;index=11&amp;md5=cb2f4409c44888f0697c7e31ee905b01\">@FISGlobal<\/a>).\n<\/p>\n<p><sup>1<\/sup><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.forbes.com%2Fsites%2Fwesleywhistle%2F2020%2F09%2F01%2Fwhat-drives-the-15-trillion-student-debt-crisis%2F%3Fsh%3D55c9d1af7aec&amp;esheet=52393205&amp;newsitemid=20210310005088&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.forbes.com%2Fsites%2Fwesleywhistle%2F2020%2F09%2F01%2Fwhat-drives-the-15-trillion-student-debt-crisis%2F%3Fsh%3D55c9d1af7aec&amp;index=12&amp;md5=5d04f2892872533e9ebca3fffc24b813\">https:\/\/www.forbes.com\/sites\/wesleywhistle\/2020\/09\/01\/what-drives-the-15-trillion-student-debt-crisis\/?sh=55c9d1af7aec<\/a><\/p>\n<p><sup>2<\/sup><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fmoney.com%2Fmoney%2F4540266%2Fstudent-debt-racial-gap%2F&amp;esheet=52393205&amp;newsitemid=20210310005088&amp;lan=en-US&amp;anchor=http%3A%2F%2Fmoney.com%2Fmoney%2F4540266%2Fstudent-debt-racial-gap%2F&amp;index=13&amp;md5=b6ce31b2cc0f949445c520fdc16791ca\">http:\/\/money.com\/money\/4540266\/student-debt-racial-gap\/<\/a><\/p>\n<p><sup>3<\/sup><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fwomens-student-debt-could-hit-1-trillion-within-the-next-year-2018-05-21&amp;esheet=52393205&amp;newsitemid=20210310005088&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fwomens-student-debt-could-hit-1-trillion-within-the-next-year-2018-05-21&amp;index=14&amp;md5=a6261f05dcd095d8c10c7f2e4eeb2e24\">https:\/\/www.marketwatch.com\/story\/womens-student-debt-could-hit-1-trillion-within-the-next-year-2018-05-21<\/a><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210310005088r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210310005088\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210310005088\/en\/<\/a><\/span><\/p>\n<p><b>For More Information<br \/>\n<\/b><br \/>Kim Snider, 904.438.6278<br \/>\n<br \/>Senior Vice President<br \/>\n<br \/>FIS Global Marketing and Communications<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:kim.snider@fisglobal.com\">kim.snider@fisglobal.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Florida<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> University Data Management Banking Education Technology Professional Services Security Software Internet Finance Continuing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210310005088\/en\/498512\/3\/New_FIS_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>New Innovative FIS Program Aims at Retiring Student Loan Debt for Next Generation of Company Leaders Key facts: FIS\u2019 recruitment benefit pays down student loan debt for eligible college graduate hires within the U.S. Starting this year, hires in the FIS University program are eligible for the debt repayment program after one year of service. U.S. college students are overwhelmed with $1.5 trillion in loan debt, with minority students being most impacted. JACKSONVILLE, Fla.&#8211;(BUSINESS WIRE)&#8211; With $1.5 trillion of loan debt1 weighing down U.S. college students and graduates, financial technology leader FIS\u00ae (NYSE: FIS) has announced a new student loan repayment program for U.S.-based college graduates who are hired by FIS beginning this year. This press release features multimedia. View &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-innovative-fis-program-aims-at-retiring-student-loan-debt-for-next-generation-of-company-leaders\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;New Innovative FIS Program Aims at Retiring Student Loan Debt for Next Generation of Company Leaders&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-454709","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New Innovative FIS Program Aims at Retiring Student Loan Debt for Next Generation of Company Leaders - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-innovative-fis-program-aims-at-retiring-student-loan-debt-for-next-generation-of-company-leaders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Innovative FIS Program Aims at Retiring Student Loan Debt for Next Generation of Company Leaders - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New Innovative FIS Program Aims at Retiring Student Loan Debt for Next Generation of Company Leaders Key facts: FIS\u2019 recruitment benefit pays down student loan debt for eligible college graduate hires within the U.S. Starting this year, hires in the FIS University program are eligible for the debt repayment program after one year of service. U.S. college students are overwhelmed with $1.5 trillion in loan debt, with minority students being most impacted. JACKSONVILLE, Fla.&#8211;(BUSINESS WIRE)&#8211; With $1.5 trillion of loan debt1 weighing down U.S. college students and graduates, financial technology leader FIS\u00ae (NYSE: FIS) has announced a new student loan repayment program for U.S.-based college graduates who are hired by FIS beginning this year. This press release features multimedia. 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U.S. college students are overwhelmed with $1.5 trillion in loan debt, with minority students being most impacted. JACKSONVILLE, Fla.&#8211;(BUSINESS WIRE)&#8211; With $1.5 trillion of loan debt1 weighing down U.S. college students and graduates, financial technology leader FIS\u00ae (NYSE: FIS) has announced a new student loan repayment program for U.S.-based college graduates who are hired by FIS beginning this year. This press release features multimedia. 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