PeopleJoy offers an innovative approach to help companies recruit, reward and retain valuable employees while helping to solve the student debt crisis. Company contributions towards student debt can save up to three years of payments off of borrower debt. It is no wonder then, that in a recent survey, 49% of respondents said they would prefer student loan payment contributions over a 401(k) plan.
Companies use PeopleJoy to contribute to the repayment of their employees’ student debt, in exchange for employee agreements to remain with the company for a period of time.
Employees use PeopleJoy to manage their student debt payments, and access our debt management tools and counselors. We leverage our buying power with lenders to negotiate better interest rates and help employees receive the best student debt refinancing terms available.