Student Loan PayDown

Enable employees to conquer their student debt more quickly through flexible employer contributions.

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Inside the benefits of the SLP Plan®

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

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Are you an employee?
Learn how your company can offer an SLP Plan® benefit.

Turn on the SLP Plan® benefit to see the impact on your employees

The SLP Plan contribution OFF

Employee retention without SLP Plan® benefit

40%

of employees are likely to stay at their current job1

Employee student loan stress without SLP Plan® benefit

20%

of young workers report little to no stress about repaying their student loans2

Employee happiness without SLP Plan® benefit

49%

of employees report being happy at their place of employment3

How it works

Try out the platform to see how easy it is to use.

Request a Product Demo

Customize Program & Contributions

We work with you to design the perfect program for your business and employees. Our easy-to-use interface allows your HR team to set up a plan with no system integration required. 

Enroll Employees

It takes less than ten minutes for employees to sign up and be ready to receive their first contribution. Our customer service team is ready to answer any question to ensure a smooth onboarding experience.

Review and Approve

You will have the opportunity to review and approve contributions each month before they are made. This takes just a few minutes to do.

Offer Refinancing

Offer refinancing options that empower your employees to competitively refinance their student loans, and potentially lower their monthly payment or APR.

Learn More about Gradifi Refi

SLP Plan® contributions make an impact on your employees' lives

You can help Ethan save

2½ years or $17,900

off his student loan debt5

Join these clients in pioneering a new way to invest in employees and thank them for investing in themselves.

PwCPenguin Random HouseDCUSotheyby'sLewis BrisboisFareway

SuffolkMasschallengePeloton

 

 

American Bankers Association Seal

Gradifi's SLP Plan® (Student Loan PayDown) benefit is endorsed by the American Bankers Association through its Corporation for American Banking subsidiary.

1 Gallup: http://www.gallup.com/businessjournal/208748/brand-attract-star-employees.aspx

2 American Student Assistance Young Workers and Student Debt Survey

3 Pew Research: http://www.pewsocialtrends.org/2016/10/06/3-how-americans-view-their-jobs/

4 Based on a 2018 survey of Gradifi members that have been receiving contributions through their employer's SLP Plan® benefit

5 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

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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. recently acquired Gradifi, Inc. Gradifi offers financial wellness benefits focused on solutions for employers to provide their employees student loan and college savings benefits.


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.


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