Highly Configurable
Choose fixed, variable or tiered contributions and eligible loan types. Tailor by employee segment, such as tenure or role.
A whopping 43 million Americans have federal student loan debt, impacting all segments of the workforce. Employers can provide a tax-free contribution to their employees' qualified student loans (up to $5,250 per year). Just $50 a month can translate into meaningfully higher retention with employees that receive the benefit.
This benefit comes with our wellness tools and loan coaching for employees and family members.
"Offering the College Loan Reduction Plan has had a meaningful impact on our employee engagement over the last four years. During the onboarding process it's our most asked about benefit and for our existing employees, it's something we know they look for."
Choose fixed, variable or tiered contributions and eligible loan types. Tailor by employee segment, such as tenure or role.
Our AI technology securely ingests federal and private loan history to provide a comprehensive view and side-by-side loan comparisons.
We've processed over $250 million in employer contributions directly to the respective loan servicer of each employee.
Unlimited 1:1 expert student loan coaching to provide employees and family members extra guidance with student loans and college planning.
Dashboards and email communications ensure employees understand the positive impact of the benefit from their employer. Employer dashboard reports and data downloads are also included.
We enforce benefit eligibility guidelines and limits on behalf of the employer, and also report on combined annual Section 127 benefits to support tax compliance.
A one-stop concierge service for employees and family members trying to better manage their student loan debt.
Learn more about our expert loan coaching and education mentoring services >>>
Aug 15, 2024
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