Let SoFi help you offer a benefit in 2020 for free—no implementation, administration or transaction fees.

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 2020 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 2020.

Zero Cost

Full access to our contribution platform at no cost for 2020.

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 2020, 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

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