BOSTON—Gradifi, a provider of student loan and college savings benefits, said it is now offering access to LendKey’s nationwide network of lenders through Gradifi Refi, a student refinance program for employers seeking to help their employees save money or reduce the monthly payment on their student loans.
LendKey partners with nearly 300 credit union and bank lenders that provide student loan refinancing options to members of the Gradifi Refi program.
“By teaming up with LendKey, Gradifi can now offer many more student loan refinance options and allow employers to address the No. 1 concern of many employees – the high cost of repaying student loans,” said Meera Oliva, chief marketing officer of Gradifi, in a statement. “LendKey offers a seamless experience with terrific educational tools to help employees make smart financial decisions.”
According to the company, Gradifi Refi is one of three employee benefit solutions from Gradifi that enable employers to positively impact their employees’ financial well-being. Gradifi’s SLP Plan (Student Loan PayDown) benefit helps employees pay off their student loans faster through employer-sponsored contributions to their student loan provider, the company said, adding the College SaveUp benefit helps employees save for their children’s education and avoid further student debt through employer contributions to an employee’s 529 college savings plan account.
“LendKey and Gradifi share a common mission: to enable dreams for borrowers burdened by student loan debt,” said Lewis Goldman, Chief Marketing Officer of LendKey. “We’re proud to partner with companies like Gradifi to extend the benefits of student loan refinancing to Gradifi members who are looking for a break from high-interest student loans to lower their monthly payments.”