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Jan312013

Stay Work Play Provides $8,000 to for NH Student Loan Repayment

 
We love NH grads NH companies do too! Do you? Learn more:http://www.stayworkplay.org/challengegrant/

 

Stay Work Play Provides $8,000 to for NH Student Loan Repayment

Manchester, NH – As a part of Stay Work Play’s Challenge Grant Program, the organization has leveraged $8,000 in grant funds from NH EPSCoR to help pay back New Hampshire student loan debt for employees at Dyn in Manchester, The Echo Group in Conway, and Paragon Digital in Keene.

“When Stay Work Play explained how Echo employees could benefit from the Challenge Grant program, I was thrilled. As a software vendor in NH, we are always trying to be creative in recruitment and retention and staff members who are originally from NH, or have attended college in the state, are excellent potential employees for Echo. The four employees that received the benefit in 2012 were surprised and very grateful for the help toward their college loans. It's a wonderful program that we are proud to participate in.”

New Hampshire is known for providing an excellent college education; however, college graduates in the Granite State are faced with the highest student loan debt (on average) in the country. The Stay Work Play Challenge Grant incentive program helps address this directly by showcasing New Hampshire employers who agree to contribute $8,000 to pay down college loans of newly hired graduates over the first four years of employment.

“We are excited to work with Stay Work Play,” said Zach Luse, Founder of Paragon Digital Marketing, “I believe this new program will be very beneficial to the community and the recent graduates who join our team. Attracting and retaining talented graduates to the area is vital to the continued growth of our business. When graduates choose to stay and work in the area it has countless benefits for the community.”

To remain competitive, businesses and organizations in New Hampshire need to be thinking about preserving our vibrant communities while simultaneously being proactive about recruiting more young professionals. The Stay Work Play Challenge Grant incentive program is open to any company that employs individuals working in New Hampshire in an entry-level position. To be eligible, a student must be a graduate of a New Hampshire college or university within the past 18 months. Incentive awards are phased incrementally over four years totaling $8,000.

For more information or to become a participating organization, visit http://www.stayworkplay.org/challengegrant

Partial support for this program is provided by a grant to NH EPSCoR from the National Science Foundation, award # EPS-1101245. No federal funds are used in the payment of student loans.

 

About Stay Work Play: Stay Work Play is a 501(c)3 non-profit organization whose mission is “To work collaboratively across New Hampshire to support ongoing economic, workforce, and community development by promoting the state as a favorable place for young workers and recent college graduates to stay, work and play, when considering employment and lifestyle opportunities.” Additional information on the organization can be found on the website, www.stayworkplay.org

About NH EPSCoR: NH EPSCoR – Linking Education, Research and Economic Development – is supported an award from the National Science Foundation to build capacity in research and education in science, engineering, mathematics and technology necessary for a highly skilled state workforce.  Additional information can be found on the website, nhepscor.org.

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