May
04
2020
Suburban Renewal
Urban areas have become coronavirus hotspots in the US. Some people with the ability to do so have fled the cities they previously called home.
Read more
SoFi Blog
Tips and news—
for your financial moves.
May
04
2020
Student Loan Repayment Assistance Benefit
Student Loan Contributions
CARE (even more) for
your team with the
SoFi CARES Program.
The CARES Act allows employers to make tax-free
student loan contributions for their employees.
We created
the SoFi Cares Program to make
participation in 2021 as seamless as possible
for businesses of all sizes.
The SoFi CARES Program
Designed with speed, cost, and compliance in mind, our program facilitates CARES Act contributions for employees paying off student debt. Participating businesses can contribute up to $5,250, tax free, at no cost for 2021.
Zero Cost
Full access to our contribution platform at no cost for 2021.
Turnkey Set Up
Simply upload a file of eligible employees and your contribution amount, SoFi CARES handles the rest.
Easy Program Launch
Employee engagement toolkit, co-branded collateral, and platform analytics to track your program.
SoFi at Work
Customizable finance benefits, such as student loan repayment, to support employees at every life stage.
Contact us to learn more
Stand out with student loan benefits.
Thanks to the tax-free treatment of this benefit in 2021, employees end up with more take-home pay while paying down debt. See how HR professionals are benefiting from the SoFi CARES Program.
Can’t-miss CARES Act content
SoFi at Work recently hosted a CARES Act webinar
with HR professionals, which you can view here.
“The fact that this got into the stimulus legislation
is an incredibly positive development.”
— David Amendola, Senior Director, Benefits Advisory & Compliance,
Willis Towers Watson
Why now?
Your employees need you.
75%
of surveyed employees say having an employer contribution benefit is very important to them.
99%
of respondents feel proud to work for an employer that offers student loan contributions.
53%
of employees responded that they are likely to stay with their employer because of this benefit.
FAQs
Need this info on the go?
We got you.
