STUDENT LOAN GENIUS NAMES SOCIAL ENTREPRENEUR AS CHIEF OPERATING OFFICER

Vault (formerly known as Student Loan Genius), an employee benefits platform that positions companies to recruit and retain top talent by enabling them to repay employee student loan debt, announced today the appointment of Romy F. Parzick as Chief Operating Officer (COO).

“Parzick’s expertise combined with her track record for driving social change and leveraging top talent for high-impact results makes her a key addition to the Student Loan Genius leadership team,” said Matt Beecher, Chief Executive Officer of Student Loan Genius. “We are confident her background in payments, financial services, and customer experience will make her an invaluable partner to organizations within the Student Loan Genius portfolio.”

According to the Federal Reserve, more than 44 million Americans collectively carry $1.5 trillion in student debt as of the first quarter of 2018, and that number is expected to rise to 75 million employees and $3 trillion by 2027. Today major companies like New York Life, Ralph Lauren and Mastercard offer Student Loan Genius to differentiate themselves in a competitive marketplace. Effective immediately, Parzick will assume responsibility for operational excellence across Student Loan Genius with a focus on scaling backbone operations including client relationships, customer success, new customer implementation, and end-user adoption.

“I’m excited and motivated to help lead a company with such a galvanizing mission,” said Parzick. “As educational debt continues to mushroom, employees often have to delay important investments like retirement contributions, which in turn creates greater social issues in our economy. Our platform enables our partners to attract and retain a top-notch workforce by improving the financial health of their employees.”

Prior to her appointment, Parzick led operations and client experience for the commercial division of NetSpend, a leading prepaid card provider serving consumers who do not have access to traditional bank accounts. Previous experience also includes her thought-leadership, research, and consumer advocate initiatives at the Center for Financial Services Innovation and her role as as Executive Vice President of a leading Community Development Financial Institution. Parzick holds an MBA from the Fuqua School of Business at Duke University and a bachelor of science in Industrial Management from Carnegie Mellon University. In addition, she is a Fellow with the Aspen Institute’s First Movers, a program for accomplished innovators who are creating new products and services that fuse business success with positive social and environmental impacts.

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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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We are excited to announce that Student Loan Genius has joined 20 social impact companies who help tackle large-scale social issues as a part of inaugural U.S. class of BBVA Momentum.

“Acknowledged for contribution and impact in helping solve America’s $1.3 trillion student loan problem, our new partnership with BBVA and our cohort participants helps us share and benefit from industry-leading impact strategies from across the world,” said Jovan Hackley, Head of Advocacy & Engagement for Student Loan Genius.”

The U.S. BBVA Momentum is supported by leading finance and technology partners across the world include the Financial Times, Spain’s IE Business School, and Texas Executive Education at University of Texas-Austin’s McCombs School of Business. In addition to Student Loan Genius, other cohort participants are helping to address major social and financial wellness hurdles including college and career readiness, impacting food deserts through social enterprise, and increasing college completion through virtual engagement.

Outside of the U.S., BBVA Momentum has previously driven the expansion of 114 companies with high social impact in Spain, Mexico, and Peru.

“We saw a lot of passion and innovative approaches to some of our most stubborn issues — issues that are undermining vulnerable populations, the environment or financial well-being, among other things,” said BBVA Compass Director of Corporate Responsibility & Reputation Reymundo Ocañas, who served as one of the judges. “We scrutinized the organizations to determine which ones had the most sustainable business models and the highest social impact. The goal of BBVA Momentum is to help them scale up so they can change even more lives.”

To learn more about BBVA’s Momentum program and other cohort participants, visit https://www.momentum.bbva.com/en/.

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NEWARK, N.J., November 21, 2016 – Mestek, Inc., HVAC manufacturing and engineering leader and Prudential Retirement client, today announced that it will offer the Student Loan Genius benefit to help employees and their families with student loan debt repayment.

The company is the first of Prudential’s defined contribution recordkeeping clients to publicly announce that it will offer a student loan benefit through the Prudential and Student Loan Genius partnership. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE:PRU).

This fall Mestek will roll out Genius Advisor™ by Student Loan Genius, which helps employees find and select the best of 70-plus student loan repayment scenarios in as few as seven minutes.

“Student loan benefits are becoming increasingly popular among employers who view employee financial wellness as a top priority,” said Snezana Zlatar, senior vice president and head of Product for Prudential Retirement’s Full Service Solutions business. “Student loan debt is one of the biggest hurdles to saving for long-term priorities, including retirement. Helping manage the burden means creating more opportunity for employees to prepare for a solid financial future.”

America’s student debt, which was once a low-cost loan paid off in the first few years of a career, now hovers around $1.3 trillion and creates both short- and long-term financial challenges for individuals and families. In fact, 73 percent of student loan borrowers say they have postponed saving for retirement or any other investments because of student debt, according to an American Student Assistance survey.

“As we grow, we’re hiring more recent college graduates and seeing that many of them are burdened by student loan debt.” said Joanne Berwald, vice president of human resources for Mestek. “We wanted to offer our employees a benefit that could help remove that worrisome distraction and offer real help.”

Mestek Inc., headquartered in Westfield, Mass., is a family of manufacturers of HVAC equipment and automated manufacturing machinery with years of experience and a history of innovation. The company, a Prudential recordkeeping client since 2007, has two defined contribution plans totaling $115 million in assets under management.

“Mestek and its employees are a perfect example of why our Prudential Retirement partnership is so important,” said Tony Aguilar, CEO of Student Loan Genius. “Through our work we’re able to help thousands lower their student loan payments and free up money for long-term savings with just a few clicks.”

In addition to Genius Advisor, Student Loan Genius also offers two additional employee benefits:

Prudential Retirement has offered all of the Student Loan Genius benefit options to its recordkeeping clients since March 2016.

About Prudential Retirement

Prudential Retirement delivers retirement plan solutions for public, private, and nonprofit organizations. Services include defined contribution, defined benefit and non-qualified deferred compensation recordkeeping, administrative services, investment management, comprehensive employee education and communications, and trustee services, as well as a variety of products and strategies, including institutional investment and income products, pension risk transfer solutions and structured settlement services. With more than 85 years of retirement experience, Prudential Retirement helps meet the needs of 4.2 million participants and annuitants. Prudential Retirement has $386.7 billion in retirement account values as of September 30, 2016.

About Prudential Financial, Inc.

Prudential Financial, Inc. (NYSE:PRU), a financial services leader, has operations in the United States, Asia, Europe and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com/.

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AUSTIN, TX – Nov. 15, 2016 – Student Loan Genius, leading student loan benefits provider and financial wellness solution, has today announced its student loan benefit is now a part of the benefits packages for Pinterest, Twilio and Spredfast employees.

With 70 percent of today’s graduates entering the workforce burdened with student loan debt, forward-thinking employers are increasingly moving to incorporate student loan repayment assistance into employee benefits offerings in a bid to attract and retain talent and help impact the nation’s $1.3 trillion student loan debt crisis.

“In a competitive environment, organizations have to think outside the box to attract and keep top talent and foster the kind of workplace cultures that drive innovation – especially in the technology sector,” said Tony Aguilar, CEO at Student Loan Genius. “Pinterest, Twilio, Spredfast and our other clients are seriously committed to their employees’ financial wellness. That commitment is helping solve a giant problem in our economy today.”

More than 1,000 employees at Pinterest, and 500 employees of social marketing company Spredfast, recently gained access to the Student Loan Genius’ platform and the technology that’s helped other users cut their monthly payments by an average of 38 percent. Meanwhile, employees of cloud communications startup Twilio have been receiving student loan help for 10 months.

“Social media is the fastest moving industry we’ve ever seen. We need the very best talent to be able to keep up with the pace of innovation, and always looking for new ways to invest in our team is a huge part of that process,” said Carol Howard, SVP of Human Resources at Spredfast. “Offering Student Loan Genius was an easy decision. By removing barriers, like financial stress, we allow our employees to focus on the things that matter, like delivering the very best product to our customers every day.”

For more information about how Pinterest, Twilio and Spredfast are helping employees tackle student loans or information on Student Loan benefits, contact us.

About Student Loan Genius
Student Loan Genius helps today’s most competitive companies and employees pursue real financial wellness by tackling one their biggest life hurdles, student loans. Inspired by their own personal student loan debt experiences, the team invented America’s first and complete student loan benefit that helps employees reduce debt and create real long-term financial wellness. Learn more at studentloangenius.com.

About Pinterest
Pinterest is the world’s catalog of ideas. More than 150 million people use Pinterest every month to get more creative in their everyday lives. With more than 75 billion Pins, Pinterest has ideas for all interests including fashion, beauty, recipes, parenting and much more. Launched in 2010, Pinterest is based in San Francisco, CA and available everywhere at Pinterest.com and on iOS and Android devices.

About Twilio
Twilio makes communications easy and powerful. With Twilio’s platform, businesses can make communications relevant and contextual by embedding real-time communication and authentication capabilities directly into their software applications. Founded in 2008, Twilio has over 500 employees, with headquarters in San Francisco and other offices in Bogotá, Dublin, Hong Kong, London, Mountain View, Munich, New York City, Singapore, and Tallinn.

About Spredfast
Spredfast is transforming the way companies connect with consumers. Spredfast’s smart social software enables companies to build lasting relationships with today’s digitally-connected consumer. Brand and media companies use the Spredfast Social Software Platform to manage, integrate, and amplify social content across any digital touch point in real time. With global reach, Spredfast customers manage over one billion social connections across 84 countries. More than 650 customers, including all five major broadcast networks and fifty percent of Interbrand’s 2015 World’s Best Brands, have partnered with Spredfast to create first-class social experiences. For more information, visit www.spredfast.com.

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Prominent Financial Services Expert and Honest Dollar Co-Founder to spearhead collaboration, help employees hindered by student loan debt

Austin, TX – May 10, 2016 – Student Loan Genius, Austin-based student loan benefits provider, today announced that Henry Yoshida, Honest Dollar co-founder, has joined its team as the vice president of partnerships and product strategy.

Yoshida brings more than 14 years of experience aiding companies with the development of benefits solutions that help employees improve their financial picture.

“My career’s been dedicated to helping companies and employees find innovative ways to solve big financial problems. Today, student loans are one of the biggest hurdles to investing, starting a family and other basic life milestones working professionals should be able to reach,” Yoshida said. “To me, the Student Loan Genius benefit just makes sense for companies because it makes sense for their employees.”

Today’s data shows that more than 70 percent of student loan borrowers say their student debt burden has affected their ability to invest or purchase a home. Yoshida will lead efforts to expand and enhance the fintech startup’s collaboration with partners like Prudential Financial to help employees achieve the important milestones hindered by debt and crush America’s $1.3 trillion student loan problem.

“As our core business has grown, so have the opportunities to team up with major employee benefit and 401(k) providers like Prudential that have the power to quickly put our technology into the hands of millions of Americans struggling with student loan debt,” said CEO and Co-Founder Tony Aguilar. “Henry is an incredible addition to our team because of both his passion for our business and long history helping companies use benefits as a way to boost culture, retention and employee engagement.”

In March of 2016, Prudential announced that it will help bring Student Loan Genius’ robust Genius Platform to the 4 million retirement plan participants whose companies opt-in. Yoshida will work closely with the Prudential team, customers and other partners to help the company continue to innovate through services like its 401(k) contribution feature, which allows employees to grow retirement funds by paying off their student loans.

The average Student Loan Genius user taking advantage of its direct match receives savings of $31,291 and an average repayment time reduction of 12 years. Those who receive a $100 contribution through the 401(k) feature can reap the benefit of an additional $150,000 at retirement.

“Our Genius Platform is driving real results for the employees it serves today, but our commitment is to help as many people as we can,” Aguilar said. “With Henry and our partners, we are planning to change the financial picture for an entire generation.”

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Partnership with student loan benefits start-up creates pathway for plan sponsors to use student loan debt as a catalyst to increase retirement savings

NEWARK, N.J.–(BUSINESS WIRE)–Prudential Retirement has partnered with Student Loan Genius, becoming the first retirement plan recordkeeper to offer the start-up’s new 401(k) contribution feature, the company announced today. The innovative feature enables companies to reward employees for making student loan payments by providing a pre-tax contribution into their retirement accounts. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE:PRU).

According to American Student Assistance, federal student loan debt hovers over $1.2 trillion, while private student loan debt stands at $150 billion. For many U.S. workers, student debt—for themselves, for a spouse, significant other or a child—has increasingly become a major roadblock to saving for their future.

“As student loan debt grows, workers are having to choose between paying off their student loans or prioritizing other important financial goals,” said Jamie McInnes, senior vice president and head of Total Retirement Solutions for Prudential Retirement. “For example, our research tells us many workers will choose to pay down debt rather than save for retirement. As an industry, we need to understand this and provide solutions to help maximize retirement security for American workers.”

The new partnership with Student Loan Genius will enable Prudential Retirement to offer an innovative benefit to clients that gives their employees an opportunity to build retirement savings while paying down student debt. Employers who offer this retirement savings vehicle gain a competitive advantage, as it enables them to attract and retain top talent.

The benefit works this way: If an employer elects to add this feature to their plan, employees who make student loan payments processed through Student Loan Genius receive a pre-tax contribution to their retirement account from their employer based on that student loan payment, whether or not they contribute to their 401(k) plan or receive any matching contributions. The contribution, paid as a flat dollar amount, or a percentage of the student loan payment or of the employee’s compensation, can be offered annually, monthly or for each payroll period. For example, an employer could offer a $75 monthly contribution to an employee who pays a $400 loan repayment each month.

“We’re excited to team up with Prudential Retirement to offer our 401(k) contribution feature and platform to their clients,” said Tony Aguilar, CEO of Student Loan Genius. “As a retirement provider that works with thousands of organizations to help their employees retire confidently, Prudential has deep expertise working with employers and participants and can offer insights that help us better understand workers’ savings behavior and the challenges they face in saving for retirement.”

In February, Gibraltar Ventures, an affiliate of Prudential Financial, participated in the seed funding round for Student Loan Genius.

Prudential Retirement delivers retirement plan solutions for public, private, and nonprofit organizations. Services include defined contribution, defined benefit and non-qualified deferred compensation recordkeeping, administrative services, investment management, comprehensive employee education and communications, and trustee services, as well as a variety of products and strategies, including institutional investment and income products, pension risk transfer solutions and structured settlement services.

With more than 85 years of retirement experience, Prudential Retirement helps meet the needs of 4 million participants and annuitants. Prudential Retirement has $368.9 billion in retirement account values as of December 31, 2015.

Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT, or its affiliates. PRIAC is a Prudential Financial company.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader, has operations in the United States, Asia, Europe and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com/

Contact: Monique Reuben
973.802.3745 | Monique.reuben@prudential.com

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New feature offers employees pre-tax contributions to their 401(k), triggered by student loan payments

Austin, TX – March 2, 2016 – Student Loan Genius, Austin-based inventor of the first complete student loan benefits solution, today rolled out its 401(k) contribution feature, which empowers employers to help their employees get a leg up on retirement savings while reducing their student loan debt.

Put simply, employees make their student loan payments, and based on a payment, the company makes a pre-tax contribution into the employee’s 401(k) or other retirement account. By putting unused, already budgeted, pre-tax retirement plan dollars to work, this new feature helps break down one of today’s biggest investment road blocks for employees held back by student debt.

“Our 401(k) contribution feature works with existing benefits frameworks, so we don’t have to wait for Congress to make a change to the tax code to enable companies to use pre-tax dollars for a student loan benefit,” said Tony Aguilar, CEO of Student Loan Genius. “We want to be the catalyst for why Congress passes legislation that helps eliminate today’s growing, $1.3 trillion student loan problem. We’ll do it by showing the impact pre-tax contributions can have on families, businesses, and ultimately, the entire economy.”

According to one employee burdened by nearly $30,000 in student loans, “If a company approached me with the added perk of student loan assistance, it would be a really tempting offer.” A 2015 study of employees also showed that 83 percent of employees say a student loan benefit would be a deciding factor in employment. By offering the 401(k) contribution feature, employers gain a powerful tool for recruiting and retention while providing a benefit that won’t come back to bite at tax time.

The class of 2015 was the most indebted in the history of the United States. Unfortunately, with more than 70 percent of graduates carrying sizable student loans, the ability to save for retirement while paying off a mountain of debt is just not in the cards for most.

“We don’t just have a student loan problem. We have a personal financial crisis,” Aguilar said. “Because of our student loan debt, we can’t save, buy homes or invest for retirement.”

To tackle this problem, the 401(k) contribution feature converts student loan payments into a wealth-building activity. This effectively doubles the financial impact of student loan payments, providing a way for employees to pay off their student loans faster while simultaneously growing the nest egg of wealth waiting for them upon retirement.

Together, these three elements make up Student Loan Genius’ comprehensive ‘Fix, Pay, Match’ approach to eradicating student debt, setting the company apart as a true ‘financial unicorn’ in the student loan benefit space.

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Backed by some of the country’s top financial entities, Student Loan Genius’ student loan benefits help employers attract, retain and engage with top talent

Austin, TX – February 17, 2016 – Student Loan Genius, Austin-based student loan benefits provider, today announced that the company has raised $3 million in seed funding, largely spearheaded by Gibraltar Ventures, an affiliate of Prudential, along with an affiliate of John Hancock/Manulife. Other participants in the round included Kapor Capital, which invests in organizations led by diverse teams that develop social impact solutions, Capital Factory and Village Capital.

In a nation where 70 percent of graduates are carrying student loans that average more than $35,000, student loan benefits are a particularly attractive sector for investors and employers. What makes Student Loan Genius unique is its only-of-its-kind, three-pronged approach to offering these benefits. This approach has already captured the attention of 45 companies, who have incorporated Student Loan Genius’ student loan benefits into their employee offerings.

“We are excited to be part of Student Loan Genius’ future as they empower businesses to help their employees get to that next stage in their lives,” said Chris Penner, vice president of investments for Gibraltar Ventures. “By providing student loan benefits that help employees pay down debt faster, Student Loan Genius is delivering an innovative, competitive advantage to businesses by helping them attract and retain top talent.”

WHAT’S NOW AND WHAT’S NEXT?

Student Loan Genius will use the funding to continue its growth and roll out new products that will reshape the way student loan benefit packages are offered.

“Student Loan Genius has the potential to impact thousands of lives across the U.S.,” said Tim Ramza, chief innovation officer of John Hancock/Manulife. “This innovative approach will reshape the way student loan debt is tackled and positively remake the relationship between employers and their employees.”

With Student Loan Genius’ robust Genius Platform, employers can contribute matching dollars toward employees’ student loan payments through ‘Genius Match’ – similar to a 401k. The end result for the average Student Loan Genius user is a savings of $31,291 and an average repayment time reduction of 12 years.

In addition to Genius Match, Student Loan Genius subscribers also have access to two additional features to help employees take control of their student loans: the ‘Genius Advisor,’ which identifies the best repayment plan and provides a 1:1 advisory service to employees, and the ‘Genius Pay’ system, which deducts payments directly from payroll and allocates them in the most advantageous way possible.

INVESTING IN TODAY’S GRADUATES

“We are thrilled that companies like Gibraltar Ventures, along with an affiliate of John Hancock/Manulife and Kapor Capital realize the value and want to support what Student Loan Genius is doing,” said Tony Aguilar, co-founder and CEO of Student Loan Genius. “Aside from the business opportunity, we see these large investments as indications that these firms really want to help people with every aspect of their financial life, starting with student loan debt and retirement savings, two of the largest concerns of working professionals. Clearly, they believe in innovation, they recognize what we’re doing to help people, and they’re making a commitment to invest in the lives of today’s graduates – the future of the workforce.”

ABOUT GIBRALTAR VENTURES
Gibraltar Ventures, the innovation lab and venture capital affiliate of Prudential Financial, Inc., focuses on innovations in Prudential’s core businesses: retirement, protection and asset management. Prudential’s companies include The Prudential Insurance Company of America, one of the largest life insurance companies in the U.S. Gibraltar Ventures believes the future of finance lies beyond finance. We invest in companies that help others pursue behavioral finance and new technologies that transform the future of transactions and engagement.

ABOUT JOHN HANCOCK AND MANULIFE
Manulife Financial Corporation is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions. We operate as John Hancock in the United States, and Manulife elsewhere. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. At the end of 2015, we had approximately 34,000 employees, 63,000 agents, and thousands of distribution partners, serving 20 million customers. At the end of December 2015, we had $935 billion (US$676 billion) in assets under management and administration, and in the previous 12 months we made more than $24.6 billion in benefits, interest and other payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges and under ‘945’ in Hong Kong. Follow Manulife on Twitter @ManulifeNews or visit www.manulife.com or www.johnhancock.com.

ABOUT KAPOR CAPITAL
Based in Oakland, California, Kapor Capital invests in seed stage tech startups that generate both economic returns and positive social impact. They believe that diversity is a strategic priority for the tech industry.

ABOUT CAPITAL FACTORY
Capital Factory is the center of gravity for entrepreneurs in Austin. Last year more than 50,000 entrepreneurs, programmers and designers gathered day and night for meetups, classes and coworking. We meet the best entrepreneurs in Austin and introduce them to their first investors, employees and customers. We have a series of matching funds so that a startup can convince 2 of our mentors to invest personally it can unlock hundreds of thousands of dollars in additional automatic funding.

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Six months after the joy of graduation passes, 70 percent of us get the first piece of terrifying mail.

The notice that you owe multiple lenders more money than you’ve ever thought about and the car, family, and life you want is way further away than you planned if you don’t get help soon.

But, how do you get help? Here are steps to get your employer to help you #crushstudentloans:

1. REQUEST THE BENEFIT

While the student loan debt problem has reached $1.3 trillion, many employers don’t offer student loan benefits because they don’t know you want them. In fact, only 3% of companies surveyed by the Society for Human Resource Management (SHRM) in 2015 offer student loan repayment help. The others haven’t because they haven’t heard from their employees.

You can start to fix the problem and get help by completing the anonymous Request the Benefit form below. We’ll follow up with your HR department to let them know someone in the company wants the benefit.

2. FOLLOW-UP WITH EMAIL

If you’re brave enough, take the next step to make an e-mail intro to connect us with the people who handle your benefits. A sample e-mail could read like this:

SUBJ: Student Loan Benefits

Hi,

I recently learned about Student Loan Genius who offers student loan employee benefits. Is there any way someone from our company could talk with them about setting up the benefit for our company?

You can learn more at https://studentloangenius.com/#employers

Feel free to copy, paste, and CC info@studentloangenius.com.

3. SHARE THIS WITH COWORKERS

The more noise you make, the more likely that your company will respond. Share this post with coworkers, on Facebook, Twitter, and LinkedIn to generate the buzz that will get you the benefit that every professional needs.

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