Student Loan PayDown
Enable employees to conquer their student debt more quickly through flexible employer contributions.
Inside the benefits of the SLP Plan®
See how contributing to your employees' financial well-being impacts your bottom line.
Turn on the SLP Plan® benefit to see the impact on your employees
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.
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.
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.
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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: http://www.asa.org/wp-content/uploads/2017/06/asa_young_worker_and_student_debt_survey_report.pdf
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