With student debt totaling over $1.6T in the U.S., saving for college and paying off student loans has become one of the most critical problems for benefits administrators to address.
SavvyFi allows your clients to offer a 529 benefit to their workplace without the hassle of payroll integrations, paperwork, or administrative burden. Employees use their work email address to enroll online, and SavvyFi’s platform processes all 529 contributions. The only effort required of you or your clients is to deliver a signup link to employees.
With SavvyFi’s cashback rewards and gifting features, employees will achieve their savings goals much more quickly. Employees receive gifts from friends and family by sharing their gifting link via social media, text message, or email. When employees shop online or in-store at participating merchants like Home Depot and Target, up to 30% cashback will be deposited directly into their 529 accounts.
The entire workplace can prevent or eliminate student debt with SavvyFi. Parents, grandparents, aunts and uncles, spouses, and friends can save for their loved ones, and recent grads can use SavvyFi’s cashback rewards feature to pay down their student debt more quickly.
The majority of recent client demos have resulted in the client adding SavvyFi to their benefits package. Schedule your demo using the link below, so you can see why clients are rapidly adopting this much-needed and easy-to-implement benefit.