New look. same genius. We have some big, exciting news to share, and you may have already noticed that something is different.

Student Loan Genius has changed its name to Vault. This isn’t a decision we made lightly or quickly; rather, this is the outcome of a six-month-long journey of in-depth research, strategy and planning, to land on a new identity that best fits who we are as a company.

Vault was born out of the desire to solve a very real and increasingly suffocating financial problem affecting an overwhelming majority of employees: student loan debt.

Debt is crushing today’s workforce. More than 44 million Americans collectively carry $1.5 trillion in student debt as of the first quarter of 2018, according to the Federal Reserve. By 2027, 75 million Americans will have $3 trillion in student loan debt.

At the same time, employers are struggling to hire and retain the best talent in an increasingly competitive job market. They can offer health insurance, a retirement plan, and office perks, but what if there’s an opportunity to offer a stand out benefit that can make a real impact in solving one of the biggest financial challenges of our generation?

Enter Vault. We’re committed to helping employers work with their employees to tackle student loans through contribution programs, education and expert consulting. Our insights, technology and ambition combine to help employees get a jump start on their tomorrow, turning HR into debt-busting heroes whose work in rebalancing debt helps to gain and retain the best employees.

Today, major companies like New York Life, Ralph Lauren and Mastercard offer Vault to differentiate themselves in an increasingly competitive marketplace and offer an attractive employee benefit that improves hiring and retention. We also recently welcomed American Family Insurance into the fold as a new customer.

We may have applied a fresh coat of paint, but you can be reassured that our foundation is as rock solid as ever. We get down into the trenches to ensure results that give our clients an advantage in the marketplace. This attitude and drive is at the center of everything Vault does.

Our rebrand also comes on the heels of other exciting news for our company, including the launch of Vault Match, a new 401(k) product that can help employers allocate unused 401(k) dollars to student loan benefits. We also closed a $3.5 million Seed Series Prime financing round in May 2018 with Vestigo Ventures, and brought in Romy F. Parzick as our new Chief Operating Officer. It’s an exciting time to be at Vault!

Remember, the new name does not mean new priorities. Vault’s primary focus remains on helping organizations attract and retain top talent by providing their employees with essential benefits to ensure progress, security and financial freedom.

For more information, visit our FAQ page.

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Vault – frequently asked questions

Student Loan Genius to Vault – a few frequently asked questions.

Employees

Where do I go to log in to my account?

You’ll log in to your account at app.vault.co as usual with your existing login credentials.

Do I need to recreate my account?

No, your existing account will work. You’ll log in with your existing login credentials at app.vault.co.

Do I need to re-enter my student loan information?

No, all of your previously imported student loan information will remain on file.

Will this affect contributions from my company?

If you have access to Vault Pay and you have already added your student loan contribution information, your contributions will continue to be sent out.

Do I need to log in to my portal and update anything?

No, your account will not be changed. You’ll log in with your existing login credentials at app.vault.co.

What is the new customer service contact information?

You can now contact genius@vault.co if you need any support or help with your account.

What if I try to access the Student Loan Genius benefit?

The Student Loan Genius benefit URL (app.studentloangenius.com) will automatically redirect to Vault’s benefit URL (app.vault.co).

Have a question that isn’t answered here?

Please contact genius@vault.co

Why the name change?

Vault was born out of the desire to solve a very real and increasingly suffocating financial problem affecting an overwhelming majority of employees: student loan debt. We’re committed to helping employers work with their employees to tackle student loans through contribution programs, education and expert consulting. Our insights, technology and ambition combine to help employees get a jump start on their tomorrow, turning HR into debt-busting heroes whose work in rebalancing debt helps to gain and retain the best employees.

We may have applied a fresh coat of paint, but you can be reassured that our foundation is as rock solid as ever. We get down into the trenches to ensure results that give our clients an advantage in the marketplace. This attitude and drive is at the center of everything Vault does.

Employers

Has Vault been purchased or taken over by a new company?

Vault has not been purchased or taken over by a new company. We may have applied a fresh coat of paint, but you can reassured that our foundation is as rock solid as ever.

Do I need to make any changes on behalf of my employees using the benefit?

Vault will be providing your HR team with the new login link for your employees to access Vault’s products. The new benefit URL will be app.vault.co. If they attempt to access our platform with any prior link provided, they will be redirected to the new site.

How do my employees connect with your support team?

Employees can connect with our support team by emailing genius@vault.co

What if my employees email the old support address of genius@studentloangenius.com?

The email will be routed to our new support address of genius@vault.co

Have my company’s employees been notified?

Yes, all employees who have received invitations to or accessed the benefit before will receive an email and an in-product notification about the rebrand to Vault.

What happens if my employees try to access the Student Loan Genius benefit?

The Student Loan Genius benefit URL (app.studentloangenius.com) will automatically redirect to Vault’s benefit URL (app.vault.co).

Why the name change?

Vault was born out of the desire to solve a very real and increasingly suffocating financial problem affecting an overwhelming majority of employees: student loan debt. We’re committed to helping employers work with their employees to tackle student loans through contribution programs, education and expert consulting. Our insights, technology and ambition combine to help employees get a jump start on their tomorrow, turning HR into debt-busting heroes whose work in rebalancing debt helps to gain and retain the best employees.

We may have applied a fresh coat of paint, but you can be reassured that our foundation is as rock solid as ever. We get down into the trenches to ensure results that give our clients an advantage in the marketplace. This attitude and drive is at the center of everything Vault does.

Where can I find Vault collateral?

All clients and customers will receive new Vault collateral via email from our support team.

Is this a branding change or an official legal name change?

Our legal name remains Student Loan Benefits, Inc. We are now doing business as Vault.

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Student Loan Repayment Benefit to enable companies to recruit and retain top talent

PRESS RELEASE – CAMBRIDGE, MA and AUSTIN, TX – May 16, 2018

Vestigo Ventures, an early-stage venture capital firm focused on transformative fintech investments, announced today that it led a $3.5 million Seed Series Prime financing round for Student Loan Genius (SLG), an employee benefits platform that positions companies to recruit and retain top talent by enabling them to repay employee student loan debt. CMFG Ventures, Prudential Financial and Rubicon Venture Capital also participated in the round.

The funds raised will be used by SLG to support commercialization of its offering as well as to grow its technology, sales and marketing teams.

“SLG is driving innovation in employee benefits that hasn’t been seen since the emergence of the 401K decades ago. With 70 percent of the emerging workforce saddled with student loans, it is incumbent on employers to empower the current and future workforce generations to succeed in the market, unencumbered by the high cost and burden of debt,” said Michael Nugent, Managing Director, Vestigo Ventures. “SLG fits within Vestigo’s mission to finance fintech companies focused on worksite management. We are especially impressed with the management team and its actionable go-to-market strategy to bring SLG’s products and services to major companies nationwide.”

In 2017 there were 44 million Americans with $1.4 trillion in student loan debt and that number is expected to rise to 75 million employees and $3 trillion by 2027. SLG enables HR teams to recruit and retain the best talent by offering a student loan repayment benefit. Today major companies like New York Life, Ralph Lauren and Mastercard offer SLG to differentiate themselves in a competitive marketplace.

“In an environment made up of the most educated workforce to-date with the current high employment rate, organizations are becoming keenly aware of the difficulty retaining their best people,” said Matt Beecher, CEO of Student Loan Genius. “This new funding validates Student Loan Genius’ mission and efforts to enable companies to retain their top talent in an increasingly competitive workforce through unique benefits, like student loan payments, that meet their employee’s needs.”

ABOUT VESTIGO

Vestigo Ventures is an early-stage venture capital firm headquartered in Cambridge, Massachusetts that invests in financial technology (fintech) companies. The Firm was founded by David Blundin, founder and chairman of Cogo Labs, Mark Casady, former CEO and chairman of LPL Financial, and Managing Directors Ian Sheridan and Mike Nugent. Vestigo has identified four areas of concentration: market structure, operations solutions, worksite management and personal wealth. Learn more at www.vestigoventures.com.

ABOUT VAULT

Vault, formerly known as Student Loan Genius, is an employee benefits platform that gives employers a cutting-edge in attracting and retaining top talent by offering financial management tools, unbiased advice and employer contributions. Companies of all sizes, including New York Life, Ralph Lauren, Mastercard, and Pinterest offer Vault benefits to differentiate themselves in a competitive marketplace. Vault is on a mission to help companies keep their best people.

VESTIGO VENTURES MEDIA CONTACT:
Danielle DeVoren
212-896-1272
ddevoren@kcsa.com

VAULT MEDIA CONTACT:
Samantha Harris
512-792-2550
SLG@shiftcomm.com

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