Receive monthly or one-time student loan
payment contributions from your employer and get a universal view of your student loan
situation and explore ways to adjust your
Take advantage of your employer’s 401(K)
matching program when you make payments
toward your student loans.
What Does Vault Do?
The CARES Act.
On March 27, 2020 the federal government passed the Coronavirus Aid, Relief and Economic Security (CARES) Act. This act had numerous stipulations that directly affected student loan borrowers. From now until September 30, 2020:
- Federal student loans are in an automatic administrative forbearance (temporary suspension of payments)
- Federal student loans are currently at a 0% interest rate
We want borrowers to know that you still have the capability to make payments on your federal student loans. In fact, if you are able, continuing to make your minimum monthly payments during this administrative forbearance period can have dramatic effects on your overall loan balance and the lifetime of your loan.
The Vault Difference
One of the most important services offered as part of Vault Advisor™ is our 1:1 counseling. Vault student loan debt counselors are certified by the National Association of Credit Counselors (NACCC). Our counselors are all in-house, meaning you can be assured of their commitment to your financial well-being and security. Any information disclosed on a counseling call, or indeed on the Vault Advisor™ platform, is never shared out to your employer or anyone else. To sign up for a counseling session, log into your Vault Advisor™ account. We look forward to hearing from you!