Gradifi today announced that it successfully completed an audit established by American Institute of Certified Public Accountants (AICPA) to certify its SOC2 Type II compliance for its student loan and college savings benefit platform for U.S. employers.

Gradifi’s SOC2 Type II audit verifies that an independent accounting firm reviewed and tested the company’s internal controls and confirmed that they meet the AICPA’s rigorous requirements for security, availability, processing integrity and confidentiality.

Gradifi’s cloud-based platform, which provides student loan repayment, student loan refinance and college savings options as an employee benefit, met the AICPA standard with zero exceptions, the highest security standard set by the organization.

In 2017, Gradifi received ISO 27001 certification, one of the most widely-recognized information security management system standards.

“SOC2 Type II attestation is part of Gradifi’s ongoing commitment to operate by the highest standards of security and confidentiality,” said Joe Finsterwald, Chief Technology Officer of Gradifi. “Employers can offer Gradifi’s employee benefit platform with the confidence that private information will remain safe and secure.”

Working with more than 400 companies across the U.S., Gradifi offers three solutions for employers to help their employees minimize student loan debt.

Gradifi’s SLP Plan® (Student Loan Paydown) allows employers to make a regular contribution to pay down an employee’s student loan debt. Gradifi Refi gives employees immediate access to leading student loan refinancing lenders with exclusive offers, at no cost to the employer, to help employees reduce monthly payments and get out of debt faster. Gradifi’s College SaveUp Plan allows employers to make contributions to employees’ 529 college savings plans to ease the stress of paying for a child’s education.

About Gradifi

Gradifi is an innovator in educational 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 a single-platform solution to allow employers to offer employees 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.



Gradifi Media Contact
Elizabeth Yekhtikian, 617-686-9541

The material provided by E*TRADE Financial Holdings, 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. offers the Gradifi suite of financial wellness solutions, enabling 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.

E*TRADE Financial Corporate Services, Inc. (NMLS ID: 1959157)

© 2021 E*TRADE Financial Holdings, LLC, a business of Morgan Stanley. All rights reserved.