Carwash to help managers pay off student loan debt faster
(INDIANAPOLIS) June 30, 2016 – Crew Carwash, a long-standing Central Indiana carwash organization, announces today a brand new initiative aimed to help managers pay back their student loan debt faster. Through the Student Loan Repayment Assistance Plan, Crew will pay $1,200 per year -$100 each month- toward team members student loans, paid directly to the lender.
The Student Loan Repayment Assistance Plan will be offered to all Crew managers and will be run by a third party. Crew estimates 40-50 team members will immediately benefit from the program.
“We’re really excited to offer this innovative program to our management team,” said Bill Dahm, CEO of Crew Carwash. “We attract some of the brightest young talent in the service industry and we want our team members to know we are invested in their future. This initiative is something we’re really proud to offer to our team members and it will also help us to continue to attract and keep top talent.”
The average student loan debt has reached nearly $30,000, and with current federal loan interest rates, has a final cost of over $35,000 over a 10-year term. The Student Loan Repayment Assistance Plan can reduce the term of team members’ loans by 25 percent, enabling them to repay the loan in seven-and-a-half years compared to 10 years.
This new program will go into effect July 2016.
This is the latest of several new employee benefits the organization has rolled out in the last year. Recently, Crew increased its starting wage for associates to $10 an hour. Crew also offers a generous Tuition Assistance program for college, providing up to $2,500 per year – a benefit that is unique to Crew and paid directly to the student. Crew currently provides approximately $100,000 annually in tuition assistance to 100 team members.
Crew is currently hiring for management positions as well as full- and part-time associates at its existing 27 locations and its new Bloomington and Merrillville locations set to open Fall 2016. Candidates should be passionate about delivering exceptional customer service and eager to gain future leadership skills. Those interested in learning more about Crew and its job opportunities can visit crewcarwash.com.
About Crew Carwash
Founded in Fort Wayne, Indiana, 68 years ago, Crew Carwash is one of the largest exterior-only carwash companies in the U.S. and has been honored as a “Top Workplace” by the Indianapolis Star, “Best Places to Work in Indiana” by the Indiana Chamber of Commerce and “Top Small Workplace” by The Wall Street Journal. To learn more about Crew Carwash or find a location near you, visit www.crewcarwash.com.
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