Fidelity hopes to make this job perk as popular as the 401(k)

The company that helps most of us manage our 401(k)s is now getting into the student loan business. The move, experts say, could up the pressure on Congress to make it easier to pay off your debt.

Fidelity announced Thursday that it would offer a platform companies can use to contribute toward their workers’ student loans. With the new initiative, employers can manage contributions they make to their employees’ student loans and workers can track those payments. The program will roll out in full in early 2018.

With the announcement, Fidelity joins a handful of startups and fintech firms that act as middlemen between student loan companies and employers.

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