What sets us apart is that we are the lowest cost solution in the industry and our core mission is to dramatically lower student loan payments within 60 days. Especially with the new study by SourceMedia Research showing student loan assistance is the top new benefit for HR Employee Benefits Administrators, now is the time to act!
Comparison below is based upon a scenario of an employee married filing jointing with 1 child in Ohio with annual adjusted gross earnings of $36,000. Same $32,000 student loan with a Standard Federal payment of $278/mo at 6.8% over 5 years for one employee.
| eduassist.me with | Other student loan | ||
| You pay | Employee pays | You pay | Employee pays |
1st year | $595 down + $12/mo fee= $727 | $33/mo x10= $330 1st yr | $100/mo loan contribution + $12/mo | $278/mo x 12mo= $3,336/yr |
2nd year | $144/yr | $33/mo x12= $396/yr | $1,344/yr | $278/mo x 12mo= $3,336/yr |
3rd year | $144/yr | $33/mo x12= $396/yr | $1,344/yr | $278/mo x 12mo= $3,336/yr |
4th year | $144/yr | $33/mo x12= $396/yr | $1,344/yr | $278/mo x 12mo= $3,336/yr |
5th year | $144/yr | $33/mo x12= $396/yr | $1,344/yr | $278/mo x 12mo= $3,336/yr |
TOTAL | You pay $1,303 | employee pays $1,914 | You pay $6,720 | employee pays $16,680 |
Optional unless employee has defaulted on consolidated loans or is in wage garnishment.
Investment: $795 post-paid per employee that qualifies
Consolidates multiple smaller loans into a single loan and/or enrollment into a Federal Income-Driven Repayment (IDR) Plan
Investment: $595 post-paid per employee that qualifies, then $12/mo
Q: Why is there an upfront cost per employee?
A: Because this is a manual and time-intensive process performed by experienced experts in the student loan consolidation industry. We only charge when the work is finished.
Q: Can anyone attempt to do this on their own?
A: Absolutely, just like any other service such as tax preparation, oil changes, drafting your own will, mowing your lawn, etc. However there are many government programs and many people are denied for not doing it correctly (can only submit once every 6 months) or pay higher loan payment because they are in the wrong program or did not know how to negotiate against a collection agency.
Q: Is there anything else that can be used to attract employees?
A: Yes! You can proudly let them know that the program they are in is participating in a great cause by feeding students in Africa for a whole year! Click on the box below for more details.