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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

The Financial Impact

See how SLP Plan® contributions can make a lasting impact.

Without SLP Contributions
$44,547
With SLP Contributions
$26,355

The Human Impact

97%

of employees report being happier at their place of employment.

70%

of employees are likely to stay at their current job because they offer a Student Loan PayDown plan.

92%

of employees reported feeling an improvement in their stress as it relates to repaying their student loans.

Inside the benefits of Student Loan PayDown

See how contributing to your employees' financial well-being impacts your bottom line.

VIEW THE RESEARCH

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, Gradifi ensures 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.

Onboard Gradifi with ease

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
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Customize your benefits, maximize your impact.

Gradifi is 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.

Trusted by over 800 companies
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Ready to make an impact on your employees' financial well-being and your company's bottom line?

Request a demo
  1. Estimated savings based on $26,500 average undergraduate student loan balance at 4% APR, under a 10-year repayment plan. Estimated savings include total SLP contributions plus estimated interest savings. Assumes extra payments are applied throughout repayment term of the loan and that borrower continues to make regular monthly payments. Individual savings will vary.
  2. Based on a 2019 survey of Gradifi members that have been receiving contributions through their employer's SLP Plan® benefit.
  3. Estimated savings are based on refinancing a $50,000 student loan with an 6.8% APR and 10-year repayment term to a new loan with a 3.55% APR and 10-year repayment term. Individual savings may vary.
  1. Estimated savings are based on a $50,000 student loan balance at 6% APR, under a 10-year repayment plan with a $150 monthly employer contribution plus regular monthly payments made by the borrower.
  2. Estimated savings are based on $100/month employer contribution for five years with a 6% annual rate of return for eighteen years before a child goes to college. Individual savings may vary.

The material provided by E*TRADE Financial, LLC or any of its direct or indirect subsidiaries (E*TRADE) or by a third party not affiliated with E*TRADE is for educational purposes only and is not an individualized recommendation. The information contained in the third-party material has not been endorsed or approved by E*TRADE, and E*TRADE is not responsible for the content. This information neither is, nor should be construed as, an offer or a solicitation of an offer, or a recommendation, to buy, sell, or hold any security, financial product, or instrument discussed herein, or to open a particular account or to engage in any specific investment strategy by E*TRADE.


The E*TRADE Financial family of companies provides financial services, including trading, investing, banking, and managing employee stock and financial wellness benefit plans.


E*TRADE Financial Corporate Services, Inc. acquired Gradifi, Inc. Gradifi offers financial wellness benefits focused on solutions for employers to provide their employees student loan and college savings benefits.


Content and services available to non-US participants may be different than those available to US participants.

This is not an offer to sell or a solicitation of an offer to buy securities, products or services, by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation.


The laws, regulations, and rulings addressed by the products, services, and publications offered by E*TRADE Financial Corporate Services, Inc. and its affiliates are subject to various interpretations and frequent change. E*TRADE Financial Corporate Services, Inc. and its affiliates do not warrant these products, services, and publications against different interpretations or subsequent changes of laws, regulations, and rulings. E*TRADE Financial Corporate Services, Inc. and its affiliates do not provide legal, accounting, or tax advice.


Always consult your own legal, accounting, and tax advisors. E*TRADE Financial Corporate Services, Inc., American Student Assistance (ASA), LendKey, Earnest, and MEFA are separate and unaffiliated companies.


Gradifi by E*TRADE is a licensed provider of money transfer services (NMLS ID: 1959157).


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