Student Loan Repayment Program Management
Helping someone pay off a student loan is far more than a financial perk.
Employer student loan repayment programs are among the hottest trends in employee benefits because student debt can impact a person’s ability to live their best life. We help organizations create a well-designed student loan assistance program that operates securely and consistently. We help you deliver true value to employees.
Student debt can stop employees in their tracks. Debt relief keeps them moving forward.
More than 44 million Americans are saddled with over $1.4 trillion in student loan debt. The average grad owes about $30K, which can make it hard to buy a house or save for retirement, damage a credit score and slow career growth. With a well-managed student loan repayment benefit, you can release employees from the shackles of debt and generate positive ripple effects for them, their families — and your company.
We make it easy for you to be generous.
Student loan repayment assistance is particularly powerful and life-changing. In an instant, debt relief can transform a person’s outlook on their future. Companies generous enough to provide this benefit to employees should be able to do so with ease and enjoyment. ISTS makes that possible!
We help you support educational goals, even after they are achieved.
No matter what you call it — student loan repayment, loan contribution or loan forgiveness — our comprehensive solution is perfect for companies who already have a program in place as well as those that want to establish a new benefit. Our standard scope of work includes:
- Dedicated Program Coordinator
- Policy review and best practice recommendations
- Online application development with automated manager approval
- Employee enrollment and account verification
- Funds disbursement to loan servicers
- Payment tracking and cap enforcement
- Client reporting
- Automated notifications regarding each step of the process
- Multichannel program support for employees
Our services keep going!
At ISTS, we are constantly striving to improve. We are dedicated to expanding our knowledge, looking for ways to enhance our solution for student loan repayment programs. We can go beyond our essential support services to fully maximize your student loan benefit.
Career & Financial Success
Through our relationships with trusted industry partners, your employees can take advantage of career development coaching, student loan counseling and more.
Consultation
Explore tactical and strategic opportunities to enhance your student loan program through in-depth consultation sessions with our Business Intelligence team.
Translations & Multilingual Support
We can facilitate the translation of your program materials and employee support beyond our standard languages of English, French and Spanish.
What our clients love about working with ISTS:
“Outstanding customer service, great to work with, always responsive to any question. Easy-to-use software for our student applicants. In all the years we have been associated with ISTS we have never had an issue. They are the best of the best!”
“I love the ease of the site. I love that ISTS steps in as an intermediary to take the bulk of the work and due diligence off of clients’ plates.”
“I love the flexibility and options that allow our program to grow each year.”
Let us help you create a student loan repayment program that spreads joy.
We love helping companies maximize student loan repayment benefits that delight both employee and employer. Reach out to learn more about how we can partner.