BOSTON--(BUSINESS WIRE)--Gradifi today announced an expansion of its student loan refinance platform for employers with the addition of Earnest, one of the nation’s most innovative providers of student loan refinancing.
Earnest is a lender that helps clients customize loan payments according to their specific budget and accelerate payoff through a variety of payment options. Earnest will be available through Gradifi Refi, an employee benefit program that provides student loan refinancing options to help borrowers get out of debt faster.
“Earnest and Gradifi share the same goal of helping employers offer student loan refinancing solutions to relieve the burden of student loan debt,” said Meera Oliva, Chief Marketing Officer of Gradifi. “Working with Earnest, Gradifi can offer even more high-quality refinancing options to employers seeking to address the No. 1 concern of many employees – the high cost of repaying student loans.”
Gradifi Refi is one of three employee benefit solutions offered through Gradifi that enable employers to empower employees through financial wellness. Gradifi’s SLP Plan® (Student Loan Paydown) allows employers to make a regular contribution to pay down an employee’s student loan debt. Gradifi’s College SaveUp Plan allows employers to make contributions to employees’ 529 college savings plans to ease the stress of paying for a child’s education.
“Earnest is pleased to be working with Gradifi and offer employers more student loan refinancing options,” said David Green, Chief Product Officer of Earnest. “Managing student loan debt is a key objective for many employees and their employers. Gradifi’s seamless, easy-to-use platform helps organizations position themselves as an employer of choice by helping workers save money and assert control over their budget.”
About Earnest
Earnest empowers people with the financial capital they need to live better lives. Using technology, data, and design to build affordable products, Earnest's lending products are built for a new generation seeking to reach life's milestones. The company understands every applicant's unique financial story to offer the lowest possible rates and radically flexible loan options for living life. www.earnest.com.
About Gradifi
Gradifi is an innovator in educational employee benefits for U.S. employers. Gradifi’s mission is to help employers build loyalty with their workforce by providing employee benefits that positively impact their employees’ financial well-being. Gradifi offers a single-platform solution to allow employers to offer employees student loan refinancing opportunities, and employer-sponsored contributions to student loans and 529 college savings plan accounts. A unit of First Republic (NYSE:FRC), Gradifi works with employers of all sizes across the U.S. www.gradifi.com.
