Investment firm pays student loans of 8 Brooklyn nurses

Investment firm Alger is paying off the student loans for eight nurse managers at Brooklyn Hospital Center.

News 12 Staff

Dec 19, 2020, 1:05 AM

Updated 1,253 days ago

Share:

Christmas came early for some nurses at a Brooklyn hospital this year.
Investment firm Alger is paying off the student loans for eight nurse managers at Brooklyn Hospital Center.
Alger is paying $400,000 to wipe out their student debt as a way to say thank you for their work during the pandemic.
The company’s CEO Dan Chung says it is the least they could do to show their appreciation for these front-line workers who have put their lives on the line every day throughout the pandemic.
The nurses say it couldn’t come at a better time, with the holidays coming and the surge in coronavirus cases.
The money to pay off the debt came from employees’ donations that were also matched by the company.
Chung says he hopes more businesses will follow suit.


More from News 12