Student Loan Paydown Plan

Gradifi, the industry leader in student loan repayment benefits, pioneered the SLP Plan™ (Student Loan Paydown), a technology and service platform used by employers to make direct contributions to employees’ student loans, reducing their overall repayment time and lowering the total cost of the loan.

This employee benefit is becoming increasingly popular with employers to help attract and retain key talent, particularly Millennials, who are now the largest generation in the workforce and are uniquely burdened by student debt. Gradifi operates a very user-friendly and secure online platform to handle such benefit programs.

ABA members receive a 20% discount on participant fees. Implementation and annual fees are waived in perpetuity.

 

 Program Features

 
  • Simplicity – Gradifi's platform is easy to use for both the bank and bank employees. The platform does not require any integrations to your current systems.  Once your program is set up on the platform, your employees can register and enter their loan information in less than 10 minutes.

  • Flexibility – The platform enables you to design a program that meets your bank’s goals. You can customize your program based on the contribution amount and frequency. You can even increase contributions over time to increase employee retention.

  • Security – Protecting customer and member data is a top priority for Gradifi. The platform complies with the strictest state regulations and meets the highest financial services standards.
 

 Program Benefits

 
  • ​Attract and retain the best talent for your bank by offering this innovative benefit. Show your employees you understand what they need.

  • Address the financial well-being of your employees. Help them save thousands and cut years off their loans so they can achieve their life goals.

  • Be a part of the solution to society’s $1.3 trillion problem of student loan debt.



 

 Testimonial

 

“Gradifi’s secure and easy-to-use platform made the choice of provider easy. We appreciate great service, and they are top-notch.”

-Mollie M. Richardson
Chief People Officer at First Republic Bank

 

 Webinar Recordings

 
New Employee Benefit Helps Banks Attract and Retain Millennials. Download the recording.
 

 Blog Posts

 
 

 Program Contacts

 
​ABA Endorsed Solutions
Helen Sullivan
(202) 663-5167

Andy Bessette
Gradifi
(857) 990-3469