Student loan repayment

For Individuals

Vestwell partners with employers to help you pay down student loans, decrease stress, and start building a stronger financial future.

Save where you need it most

Make payments on student loans and still make progress towards saving for retirement with employer matches.

Get a leg up on paying down debt

Employers are able to make direct contributions to help you pay down student loan debt, so you can achieve your financial goals faster.

Avoid increasing debt and interest

Focusing on paying down student debt now helps you get debt free sooner and eliminate extra money spent on interest.

Easily manage your debt online

Our user-friendly portal makes it simple to connect your student loans to your account and get the help you need with less stress.

Learning Center

A complimentary, integrated library of financial wellness resources and interactive learning modules on foundational topics, from budgeting to saving for a home to planning for milestones.

Student Loan Retirement Match

A benefit to pay back student debt while saving for retirement, with employer matching contributions of student loan payments towards employee retirement accounts.

Student Loan Refinancing

Access to a curated marketplace of student loan refinancing lenders that can help lower interest rates and monthly payments, along with a student loan credit when refinanced.¹

Public Service Student Loan Forgiveness

Centralized resources and tools to navigate federal student loan forgiveness options, confirm eligibility, and track payment progress for employees in public service roles.

“This has been a great benefit, not just financially, but also mentally, knowing that I'm finally making progress on my loans.”

Learning center

Increase your financial knowledge with interactive content modules that help you gain the insight you need to make smart financial decisions.

Impact calculators

See what’s possible with personalized impact tools to better understand your student loan debt and repayment strategies that might work best with your personal goals.

Student loan refinancing

Potentially lower your interest rates and monthly payments by accessing our curated marketplace of student loan refinancing lenders.

What is a Student Loan PayDown (SLP) Plan?

Your Student Loan PayDown Plan is an employee benefit where your employer helps you pay down your student loans by directly contributing to your student loan account. Your company will send the contribution to Vestwell, and we will pay your loan servicer.

FAQ

• I am the co-signer on a loan. Can I participate in the Student Loan PayDown?
  No, not currently. You must be the primary borrower on the student loan to participate in the Student Loan PayDown Plan.

• How much will I save on my student loans from my company’s Student Loan PayDown Plan?
  Savings will vary by individual depending on how much student debt you have, your interest rate, and the contribution amount.

• Do I have to pay taxes on my company’s Student Loan PayDown Plan?
  Employees are able to receive up to $5,250 in employer student loan contributions per year tax-free. State income tax treatment may vary by state. If you have additional questions about this, please consult your human resources department.

¹ Student loan refinancing is only available to employees who reside in certain states.