Student-loan borrowers are using their vacation days to pay off their debt

What’s more valuable — getting out of debt or getting away? Soon more workers will have the opportunity to make that calculation.

PTO Exchange, a platform that allows employers to give workers the ability to put the monetary value of their vacation days towards retirement savings, charitable donations and other goods and services, is expanding its offerings to include student-loan payoff, the company announced Thursday.

Over the past few years, companies have increasingly started offering student-loan payoff — funded by the employer — as a perk to lure young, talented workers. Still, just 4% of companies offer the benefit, according to the Society of Human Resource Management.

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