Employee Vocation Program

The Employee Vocation Program provides educational debt relief to employees of Presbyterian Church (U.S.A.)-affiliated retirement communities who have student loans through a national lender. Starting January 1, 2023, this pilot program will provide up to 150 grants in the first year.

Supporting financial well-being

Our plan members who serve in retirement communities spend their days caring for others, often neglecting their own care, including their financial well-being. Financial stability reduces stress, freeing us to care for ourselves as well as for others.

To support the well-being of our members serving in PC(USA)-affiliated retirement communities, the Board of Pensions has introduced this new program to provide relief from educational debt. It combines debt relief with student loan debt coaching through PeopleJoy, at no cost to the participant.


Grants are up to $5,000 a year, for up to five years, totaling $25,000.


To qualify, you must

  • work for a PC(USA)-affiliated retirement community at least 20 hours weekly;
  • be enrolled in the Medical Plan for at least six months;
  • have an effective salary that does not exceed $80,000 per year; and
  • have documented debt with a national student loan lender.

How it works

The Board will contribute $5,000 a year for five years or until your debt is eliminated, whichever comes first, if you pay your loan servicer a specified amount monthly. Additionally, you must receive student loan debt coaching from PeopleJoy, an educational debt reduction firm who partners with the Board.

Once accepted into the program, you will be connected with PeopleJoy to begin student loan debt coaching.

Participant contribution

The amount you must commit to pay is based on a percentage of your effective salary and the amount of your educational debt, as shown below. Participant contributions will be verified.

​Assistance recipient educational debt repayment commitment​ ​
​Effective salary
​Debt ≤ $28,000
You pay the lesser of:
​Debt > $28,000
You pay:
< $40,000​​3% or MMP*
$40,000-$49,999​​4% or MMP
​5% or MMP
​6% or MMP
​7% or MMP
​> $80,000​not eligible
​not eligible
*MMP = minimum monthly payment ​ ​

Program participation requirements

To remain enrolled in the program, you must

  • repay your documented, interest-bearing educational debt by a specified monthly amount based on your effective salary and the amount of debt (see Assistance recipient educational debt repayment commitment chart); and
  • continue to meet the qualifications outlined above.

How to apply

Need help?

Call the Board of Pensions at 800-773-7752 (800-PRESPLAN).