Gradifi Adds More U.S. Employers to Its Student Loan Repayment Benefit Platform
March 01 2018 - 9:00AM
Business Wire
Gradifi, the leading provider of student loan repayment and
college savings programs to U.S. employers, today said more U.S.
employers are rolling out its innovative student loan repayment
benefit to their employees.
In February, more than 20 companies agreed to offer Gradifi’s
SLP Plan® (Student Loan Paydown) program, an HR benefit that helps
employees accelerate the pay down of their student loan debt.
Gradifi’s new clients include 3Q Digital, Renewal by Andersen,
Cloudability, HLB Lighting, L.I.P.D Consulting, and New York
Psychotherapy and Counseling Center.
More than 350 companies are now working with Gradifi across the
U.S.
“In today’s nearly full-employment economy, employers need to
differentiate themselves to attract and retain talent,” said Meera
Oliva, Chief Marketing Officer of Gradifi. “Gradifi’s student loan
repayment program gives employers an opportunity to stand out and
offer a benefit that is increasingly valuable to employees and
their families.”
Through Gradifi’s SLP plan, employers make direct contributions
to pay down an employee’s debt. For a loan of $26,500 – the median
amount borrowed for a bachelor’s degree – a $100 per month employer
contribution would save over $10,000 in principal and interest over
10 years for a loan with a 4% interest rate. The loan would be paid
off three years faster as a result.
Student loan debt continues to be a major challenge for many
college graduates and a key consideration in their choice of
employer. According to research commissioned by Gradifi, eight in
10 consider student loan debt to be a significant source of stress.
Ninety percent with outstanding student loan debt said a student
loan repayment benefit would positively influence their decision to
accept a job offer, to recommend an employer or to stay at their
current employer.
About Gradifi
A First Republic company, Gradifi is an innovator in educational
employee benefits for U.S. employers. Gradifi’s mission is to help
employers compete more effectively for talent by providing employee
benefits that support an employee’s investment in education.
Gradifi offers both a student loan repayment benefit and college
savings benefit program through its scalable, easy-to-implement
online platform. Gradifi’s SLP Plan® is endorsed by the American
Bankers Association. To learn more, visit www.gradifi.com or
www.twitter.com/gradifi.
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For GradifiElizabeth Yekhtikian,
617-686-9541gradifi@inkhouse.com
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