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SAN DIEGO (KGTV) - Student loan debt is crippling tens of millions of people, more than credit card debt and auto loans. Now some companies are helping their workers tackle the mounting debt, offering student loan assistance as a benefit.Fidelity Investments is one company leading the way with its Step Ahead Student Loan Assistance program. “We look at our jobs day-to-day and we try and figure out how we can help people make the right financial decisions in their lives and it was something holding back some of our folks here at Fidelity," said Jared Roethlisberger, a Fidelity Branch Manager in Mission Valley. "They couldn’t save for retirement or they were working on saving for that home, and this allows us, Fidelity, to help those associates be able to take a little bit more home in their pocket."Employees who’ve been with the company for at least six months are eligible for ,000 a year toward their student loans up to ,000.RELATED: Making It in San Diego: Bill would help employers aid employees in paying off student loansFidelity started offering the benefit in 2016 and more than 9,300 employees have saved over million in principal and interest. The company says employees are able to pay off their loans five years sooner and lifetime costs were reduced by about ,000.Roethlisberger says it's not only a benefit to employees but to the company, helping with recruitment and retention of employees. “I also think it just makes folks happier, we see better retention of employees and happier employees," said Roethlisberger.RELATED: Making it in San Diego: Millions available for local studentsNow the company is helping other businesses offer the benefit to employees, launching the Student Debt Employer Contribution benefit in 2018. According to data from Fidelity's website, 86 percent of young people would commit to their employer for five years if they helped pay off their student loans. More than 55 companies are now making plans to offer the program and there are 10,000 active participants. Some companies are also getting creative, like providing an option to transfer carry-over paid time off (PTO) into a payment against student debt.Despite Fidelity's success, few businesses overall are offering this benefit. A 2018 survey by the Society for Human Resource Management found only 4 percent of organizations offered financial aid to help employees repay student loans, the same as in 2017. RELATED: This university is offering free tuition to families that bring in less than 0KSome lawmakers hope to change that, proposing a bill which would allow employers to give tax-free student loan assistance. Borrowers can also consider student loan refinancing; combining your existing federal student loans and private student loans into a single, new student loan with a lower interest rate.Make Lemonade, a free personal finance website, has created a list of their highest-rated refinance student loans and student loan consolidation options. 2997
SAN DIEGO (KGTV) — San Diego State University's effort to construct a new stadium in Mission Valley received a massive backing Thursday.SDSU officials announced a -million donation on behalf of local philanthropist Dianne Bashor. The gift is the lead donation toward the stadium project and one of the single largest ever made to the school, officials said."I think the students and people of San Diego benefit from everything we do with this property," Basher said during a press conference Thursday. "My husband and I always felt when we get things, we give things. And I'm going to continue to do this as long as I'm able to do it."RELATED: City of San Diego, SDSU inch closer to SDCCU Stadium site dealUniversity officials added that the stadium will be named "Bashor Field" at Aztec Stadium, after its lead donor."Mrs. Dianne Bashor is known for her generous community support, and her gift reflects the close relationship between the San Diego community and San Diego State University," SDSU President Adela de la Torre said. "This is an extraordinary gift and an important investment in the future of SDSU."In November, the City Council voted unanimously to move forward with the process to allow the university to buy the Mission Valley land. SDSU has offered the city .2 million to purchase the 132-acres that encompasses SDCCU Stadium. The land was appraised at .2 million by David Davis, a certified appraiser hired jointly by the city and SDSU. The university original offered the city .2 million, but revised its offer after taking into consideration comments by the City Council.RELATED: New renderings of SDSU stadium unveiled at Aztec Football Fan FestThe college plans to build a new stadium for Aztec football that could seat up to 35,000 attendees and develop the surrounding area with mixed-use retail and housing, a -million bridge on Fenton Parkway, and redevelop the 34-acre river park land.According to the university, it would cost at least million to construct the river park and nearly 0,000 a year to maintain the park. SDSU says the park is designed to accept 100-year flood conditions and accommodate any overflow from nearby Murphy Canyon Creek.Demolition of the existing stadium is expected to cost - million, SDSU says.University officials add that the stadium project could be altered to expand for up to 50,000 seats in the event that the NFL decides to return to San Diego.SDSU still needs approval from the California State University Board of Trustees on the stadium's environmental impact report, campus master plan, and draft sale agreement. The school is zeroing in on March 2020 to close escrow on the sale. SDSU intends to break ground on the site in 2020 and complete the redevelopment by the mid-2030s. The school hopes to open the stadium in time for the 2022 NCAA football season.Voters approved the plan, known as SDSU Mission Valley, last November, allowing the city to negotiate the sale of the land with San Diego State. 3007
SAN DIEGO (KGTV) -- San Diego State University reported a total of 648 total confirmed and probable coronavirus cases Monday.According to the university, 644 students tested positive for the virus and four students have probable cases since the start of the fall semester on August 24.As of Monday, no faculty or staff tested positive for coronavirus, the school said.RELATED: As SDSU reports 69 new COVID-19 cases, system says to plan for virtual classes in springThe university said last week that at least one student had been hospitalized due to the coronavirus.A majority of the cases so far reported are among students living off-campus. 651
SAN DIEGO (KGTV) -- SeaWorld has confirmed that the company completed layoffs Friday, a spokesperson confirmed to 10News. It’s unclear exactly how many people were laid off in San Diego or companywide, but the move comes as SeaWorld continues to see an increase in attendance at its parks. The move also comes as SeaWorld San Diego gets ready to open a new attraction called Tidal Twister this May. RELATED: Tidal Twister on track to open at SeaWorld San Diego in May 2019Read SeaWorld’s statement below: 512
SAN DIEGO (KGTV) -- Since they got the call for help a week ago, San Diego Border Dreamers has been working around the clock to set up an emergency medical clinic in Tijuana.Board Director Milad Torabi says he's getting word migrants have conditions including fevers, rashes, blisters and bad sunburns. On a Go Fund Me, they're raising money for basic medical, first aid, and sanitary supplies.The advocacy group is partnering with two UC San Diego organizations which specialize in this area: Flying Samaritans and the International Health Collective.They're accepting monetary donations as well as medical supplies.San Diego Border Dreamers is also seeking doctors, nurses, medical students, acupuncturists, physical therapists and medical translators willing to volunteer their time. 799