Employer
Employer Student loan Repayment Benefit
Create a competitive advantage and set up a Paidly Student Loan Benefit (SLB) plan in just minutes to attract top talent, enrich your employees, improve engagement, and productivity, and increase loyalty.
Why Offer Student Loan Repayment Benefits?
Improve Employee Financial Wellness
$1 contribution translates to $1.51 to the employee (tax and interest savings)Payback period and interest paid can be substantially reducedReduce Costs and Loss
Enhance Recruitment and Loyalty
Student loans negatively impact employee quality of life. Student loan debt can create major stress and force the postponement of major milestones in life.
$1.7T
The amount of student loan debt families in America are carrying and struggling to pay back
86%
of employees would commit to their employer for 5 years if they received help paying off student loans
44%
of young workers stress about how they are going to pay back all their student loans
Employer ROI Student Loan Repayment Calculator
Estimate your return on investment (ROI) when offering a supplemental student loan repayment benefit to your employees.
Use our ROI Calculator
Make an Impact on Employees
With Paidly, delivering student loan benefits can assist with offsetting productivity loss by increasing financial wellness and reducing new employee training/onboarding costs through retention, recruitment and employee loyalty. Paidly is your tool for delivering employer student loan repayment benefits to your employees.
Company Estimated* Cost Savings
Student Loans Benefits Program Cost
Annual Employer Student Loan Payments $2,400
Annual cost savings
Benefit to employee
$3,624
Turnover cost reduction
$176,234
Return on Investment (ROI)
254.31%
On-demand Payments
While employers recognize the need to help employees with loan debt, many can't justify additional benefit expenses—especially during an economic downturn. Take advantage of Paidly's on-demand payment.
A one-time, secure, and direct student loan payment. On-demand payments are a great way for employers to convert bonuses and more into a one-time student loan repayment benefit. Giving an opportunity for employees to self-direct these payments to what matters most.
Learn more about on-demand PaymentsHow it works... It's easy
- Paidly will verify your company based on your information
- You provide a list of employees to invite
- Paidly will collect and confirm their loan information
- Each employee will be provided their own dashboard to track their student loan financial wellness
- You setup your benefit plan amount and recurring schedule
- Paidly will collect and distribute the payment to employee accounts and their various loan providers
Do you have questions?
Our support team ready to help you at [email protected] or Toll Free: (888) 384-6010