Learn more about the partnerships that bring you the best support.
Overcoming Budget Challenges to Deliver Valuable Student Loan Benefit to Employees
To recruit and retain top talent, employers must offer innovative employee benefits. But doing so can often be costly. Concurrently, employees with student loan debt have their own financial burden to overcome. In an era marked by financial challenges for employers and employees alike, PTO Exchange and Ascendium offer a unique solution.
Providing a PTO conversion policy allows employees to tap into the value of their unused PTO. This strategy gives them access to funds already included in your benefits package yet gives them access to funds beyond their typical take-home pay. Employees can use the funds to pay down their student loans and lessen that financial burden.
It is a great low-cost way to introduce student loan benefits without investing in a company-paid student loan paydown contribution. It’s a win-win for employers and all employees, with or without student loans. Employees without student loans can direct their unused PTO funds toward retirement contributions, charitable donations and more.
This partnership allows employers to offer a flexible and modern benefits package that aligns with the diverse needs of their multigenerational workforce, particularly younger employees and parents who may have significant student loan debt. Our shared capabilities make use of the best and most innovative aspects of both organizations — always with the customer in mind. We help employers and employees realize the full potential of their PTO and pay down student loan debt.
Offering Clear Solutions for Navigating the Complexity of Student Loans
The burden of student loan debt can weigh heavily on employees, impacting their financial well-being and workplace productivity. That’s why the partnership between Ascendium and Savi delivers a powerful solution.
Through Savi’s innovative platform and Ascendium’s mission-driven expertise, we make it easier for employers to offer meaningful student loan repayment and education benefits. Together, we provide simple, effective tools to reduce employee financial stress and help organizations support their workforce.
With our joint solutions, employers can:
Contribute directly to employees’ student loan payments.
Verify student loan payments to support retirement plan matching contributions.
Reduce financial stress with tools and counseling to identify and enroll in affordable repayment options and programs.
Offer tuition reimbursement to support ongoing education and career development.
By combining technology, expertise, and a shared commitment to affordability, our partnership helps employees pay down debt faster, pursue future goals, and stay engaged at organizations that care about their success.
