Photo by Tyler Murphy

NORWICH – NBT Bank has launched its own Student Loan Repayment Program to help reduce the outstanding balance on qualifying student loans for full-time employees as part of its financial wellness initiatives. The program offers contributions in the amount of $100 per month to the qualifying loans of full-time employees for up to 60 months.

Student loan debt is a challenge gripping the nation with 1.5 trillion in debt; transcending all generations, with statistics showing that nearly 1/3 of borrowers are over the age of 40.