Attract and retain top talent with student loan paydown
Student loans are stressful regardless of income. They are a burden that impacts people's ability to save for retirement and pursue financial goals. Co-Pay Partners makes it easy for organizations to implement a student loan repayment assistance program to reduce their employee's loan balance and the time it takes to pay it off.
Fastest growing employee benefit
Recruit and Retain
80% of millennials would strongly consider a job with a student loan repayment benefit over one without it.
54% of younger employees would prefer a student loan payment assistance program over a 401(k) plan.
Reduce Financial Stress
“It was super easy to register and sync my loans. I'm so thankful; this program takes a weight off my shoulders.” — Patrick Z.
80% of employees spend 12-20 hours a month dealing with their financial stressors at work.
- Decrease financial burden
- Reduce interest paid
- Boost morale
- Improve opportunity to fund other goals (home, retirement, etc.)
- Customer branded
- Easy set up & administration
- No implementation fee
- Secure dashboard with employer controls, reports
- Employer-approved payments
- 3rd party NACHA ACH payment process securely moves funds
“This support is helping me pay off my student loans entirely, and it's incredibly exciting! I’ve been able to direct more funds to other financial goals, including a college fund for my son.”
- Kirstin Yeado
Recipient of Student Loan Repayment Assistance Benefit
Combine with other products to maximize impact
Combine student loan repayment assistance with personalized loan counseling and online financial education to help employees achieve financial wellness more quickly.