Student LoanPayDownHelp your employees pay down their student loan debt faster through direct contributions toward their student loans so they can focus on their next financial goal.
A more engaged, less stressed workforce.
Student loan debt can cause stress for employees at home and work. You can help your employees manage that stress and take steps toward financial wellness with Student Loan PayDown.
The Financial Impact
By helping your employees pay down their student loan debt, you are helping them in a way other benefits can’t. Making direct contributions to their student loans can help your employees get out of debt faster. Employees can pay off their debt three years earlier and save up to $10,046 with a $100 monthly employer contribution.
See how SLP Plan® contributions can make a lasting impact.
The Human Impact
You can make a positive impact on your company’s bottom line and corporate culture with Student Loan PayDown as part of your benefits package. We surveyed employees who received the Gradifi Student Loan PayDown benefit through their employer and found:
of employees report being happier at their place of employment.
of employees are likely to stay at their current job because they offer a Student Loan PayDown plan.
of employees reported feeling an improvement in their stress as it relates to repaying their student loans.
HOW IT WORKS
Make contributions to your employees' student loans.
We partner with you to build a plan that works for your company. You pick the contribution amount and determine if it increases. You can even add one-time bonuses. After that, we ensure that every contribution gets paid directly to your employees’ student loan servicer.
This has been a great benefit, not just financially, but also mentally, knowing that I'm finally making progress on my loans."
Rebecca A., Student Loan PayDown participant
Our solutions are simple to implement.
Get employees onboarded with ease.
Our easy-to-use platform allows your HR team to set up our solutions with the option to easily integrate systems if needed. We are here for you from start to finish—from administrative onboarding to preparing to launch the benefit through ongoing management.
Customize your benefits, maximize your impact.
We are your ally in designing the benefits mix that is right for your employees and your bottom line.
Our exceptional service means less stress for you.
We will work with you to assess your company’s recruitment and retention goals and workforce needs—and to develop custom solutions to help you achieve those goals.