Gradifi Helps Employees Accelerate College Savings
June 24 2019 - 9:00AM
Business Wire
Gradifi’s New Automatic Payroll Deductions
Make It Easy For Employees To Contribute To Any 529 Direct-Sold
College Savings Plan In The U.S.
Gradifi, a leading provider of student loan and college savings
employee benefits, today said it is now offering automatic payroll
deductions to contribute to any direct-sold 529 college savings
plan in the country.
College SaveUp, one of three Gradifi solutions designed to
minimize student loan debt, is unique in providing employers
maximum flexibility to help employees save for the college of their
choice. Typically, automatic payroll deductions offered by 529
plans are limited to a single program and do not provide the
flexibility for employees to choose their own plan.
Gradifi’s open architecture for 529 plan payroll deductions is
one of two ways Gradifi helps individuals and families save for
college. Employers can also make monthly, quarterly, or annual 529
plan contributions on behalf of employees through Gradifi’s
easy-to-implement, cloud-based platform.
“Gradifi was founded to help employers reduce the financial and
emotional burden of student loan debt for employees,” said Gradifi
CEO David Chang. “The new plan-agnostic functionality in College
SaveUp is another innovative way Gradifi is addressing the student
loan debt crisis. By providing both employers and employees with
programmatic options for setting aside money, college savings can
build faster.”
In addition to the new College SaveUp functionality, Gradifi
today also announced the continued adoption of its all-in-one
platform, which provides employer-sponsored student loan repayment
contributions and a student loan refinancing marketplace.
Gradifi is now working with over 750 employers across the U.S.
Among its new clients are Sotheby’s, New Balance, and Wayfair.
Gradifi Refi provides refinancing options from lenders Earnest,
LendKey and First Republic Bank (NYSE:FRC), parent of Gradifi.
Gradifi Refi offers among the lowest student loan refinancing rates
in the country. Gradifi’s Student Loan PayDown allows employers to
make regular contributions to pay down an employee’s student loan
debt. Gradifi Refi and Student Loan PayDown can be offered together
with College SaveUp or each solution can be implemented
separately.
To learn more about Gradifi’s solutions, please email
info@gradifi.com or call 1-844-GRADIFI.
About Gradifi
Gradifi is an innovator in employee benefits for U.S. employers.
Gradifi’s mission is to help employers build loyalty with their
workforce by providing employee benefits that positively impact
their employees’ financial well-being. Gradifi offers an
all-in-one, cloud-based platform that allows employers to offer
student loan refinancing opportunities, and employer-sponsored
contributions to student loans and 529 college savings plan
accounts. A unit of First Republic (NYSE:FRC), Gradifi works with
employers of all sizes across the U.S. www.gradifi.com.
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Gradifi Media Contact Ed Harrison, 781.966.4158
gradifi@inkhouse.com
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