The US Congress just passed an economic stimulus package which includes exciting news regarding student loan contributions!

On March 27, Congress took a monumental stride in relieving the pressure on employees due to the COVID-19 pandemic. The law also addresses the nationwide student debt crisis with the inclusion of provisions that allow for employer-funded contributions to employees’ student loans to be tax-free up to $5,250 per employee per year.

Now you can offer your employees an actionable benefit that helps them pay off their student debt faster.

699 Boylston St., Suite 200, Boston, MA 02116
info@gradifi.com or 1-844-GRADIFI

©E*TRADE Financial Corporate Services, Inc. 2020
Privacy Policy

Download our eBook to learn more about how financial wellness benefits can make an impact on employee happiness.

1. Board of Governors of the Federal Reserve System (US), Student Loans Owned and Securitized, Outstanding [SLOAS], retrieved from FRED, Federal Reserve Bank of St. Louis, March 3, 2020, 
https://fred.stlouisfed.org/series/SLOAS

The E*TRADE Financial family of companies provides financial services, including trading, investing, banking, and managing employee stock and financial wellness benefit plans.

E*TRADE Financial Corporate Services, Inc. recently acquired Gradifi, Inc. Gradifi offers financial wellness benefits focused on solutions for employers to provide their employees student loan and college savings benefits.

The laws, regulations, and rulings addressed by the products, services, and publications offered by E*TRADE Financial Corporate Services, Inc. and its affiliates are subject to various interpretations and frequent change. E*TRADE Financial Corporate Services, Inc. and its affiliates do not warrant these products, services, and publications against different interpretations or subsequent changes of laws, regulations, and rulings. E*TRADE Financial Corporate Services, Inc. and its affiliates do not provide legal, accounting, or tax advice. 

E*TRADE Financial Corporate Services, Inc. and American Student Assistance (ASA) are separate and unaffiliated companies.

© 2020 E*TRADE Financial Corporation. All rights reserved. 

Gradifi by E*TRADE

Gradifi by E*TRADE is an innovator in employee benefits for US employers. Our mission is to help employers build loyalty with their workforce by providing employee benefits that positively impact their employees’ financial well-being. Gradifi by E*TRADE 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. The E*TRADE Financial family of companies provides financial services, including trading, investing, banking, and managing employee stock and financial wellness benefit plans. E*TRADE Financial Corporate Services, Inc. recently acquired Gradifi, Inc. http://www.gradifi.com. For insights from Gradifi by E*TRADE, follow the company on LinkedIn.

“With the passage of this landmark legislation, now every penny contributed through employer student loan repayment benefits will go straight to paying down employee debt, pre-tax. This will allow many of the 46 million Americans who collectively owe more than $1.6 trillion in student debt1 to take meaningful action.”

Kate Winget, Managing Director of Gradifi by E*TRADE

What this means for employers:
Student loans can be a great source of financial stress for your employees. Now, for the first time, you can make tax-free contributions up to $5,250 per employee per year to help pay down your employee’s student loans. Gradifi by E*TRADE can help lessen the burden of student debt and build a brighter financial future for employees. We are dedicated to helping more employees conquer student debt, and that starts with you.

Get in touch

What this means for our participants:
This legislation means great things regarding your employer’s Student Loan PayDown contributions. Gradifi by E*TRADE is committed to helping you understand what this means for you and your student loans. As a Gradifi participant, you have access to expert counselors at
 American Student Assistance (ASA) should you have additional questions about your student loans.

Request a demo
CARES Act FAQsSLP FAQs