HR benefits coordinators and managers know the pressure to build a benefits package that actually resonates with your workforce. With retention top of mind, it’s frustrating when employees leave because your perks don’t speak to their real-life struggles. You need the best education benefits platform because, for many, the biggest struggle is student loan debt.
It’s not just a financial burden; it’s a roadblock to saving for retirement, buying a home, and feeling financially secure. If your benefits don’t address that, you risk losing valuable team members to employers who do.
The good news? There are platforms designed to make college savings and education financing benefits easy to offer and even easier for employees to use. We’ve broken down how SavvyFi and four top competitors compare. We examine how each company’s platform and wraparound services meet employees where they are. Let’s find the right fit for your team.
Click here to open image as a pdf: Compare Education Finance Benefit Platforms
1. SavvyFi
SavvyFi provides a comprehensive suite of education benefits, including 529 plans, student loan repayment assistance, Public Service Loan Forgiveness (PSLF) guidance, income-driven repayment enrollment, tuition reimbursement, and student loan retirement matching.
Features
- Fast, scalable implementation—can launch in less than 24 hours
- User-friendly interface for employees to manage student loans and savings, and interactive dashboard helps employees visualize their savings projections
- Low lift for HR teams and no paperwork to manage
- Gifting links and cashback rewards to encourage community contributions
- Counseling sessions to help navigate PSLF and income-driven repayment plans
- All features are included – you turn on the features you want, when you want – including optional employer contributions for incentive or sign-on bonuses, holiday gifts, work anniversaries, and more!
- No minimums
SavvyFi’s Seamless, Supportive Experience for Every User
SavvyFi understands that offering a benefit is only half the battle—ensuring employees can easily access and navigate that benefit is what truly drives engagement. That’s why we’ve built our platform with user experience at the forefront, backed by dedicated customer support and personalized counseling to help employees get the most out of their education financing benefits.
Whenever users need help, our customer success team is ready to assist, ensuring nothing falls through the cracks. Here’s what users can expect:
- 24-hour Response Time: A dedicated customer success specialist responds to every request within 24 business hours. Our support team efficiently resolves issues such as incorrect user information, absent loan details, or erroneous origination information, typically within 24 hours. If users haven’t responded with information needed, we send friendly reminders via email to keep things moving.
- Quick Tech Resolutions: For issues requiring technical intervention, our Technical Support Team resolves tickets within 3 business days, ensuring users aren’t left in limbo.
Personalized Counseling for Loan Forgiveness
For employees exploring Public Service Loan Forgiveness (PSLF) or other repayment strategies, SavvyFi offers one-on-one counseling sessions designed to simplify the process.
SavvyFi’s Niche Expertise: Healthcare
Based on early adoption by healthcare organizations seeking a unique and meaningful Employee Value Proposition (EVP) to attract and retain top talent, SavvyFi has quickly developed niche expertise.
Check out our top tactics, like repositioning sign-on bonuses, here: Recruiting Healthcare Professionals to Rural Areas—Challenges and Solutions.
Empowering Employees, Strengthening Companies with the Best Education Benefits Platform
SavvyFi’s end-user focus doesn’t just benefit employees—it strengthens your business, too. By delivering a benefit that truly resonates, you’re building loyalty, reducing turnover, and enhancing your employer brand. It’s a win-win that shows your company is invested not just in productivity, but in people.
If you’re ready to offer your employees benefits that will make a difference for their financial future, talk with our team today.
2. Candidly
Candidly specializes in student loan repayment assistance and financial wellness programs.
Features
- Student loan repayment assistance and college savings tools.
- Financial coaching and resources for federal debt relief programs.
- Seamless integration with existing HR platforms for easy implementation.
- Personalized financial wellness support for employees.
Cons
- Limited Personalization: While Candidly offers AI-driven solutions for student debt and savings optimization, some users have noted that the platform may not provide the same level of personalized support or counseling as other services. https://www.myshortlister.com/candidly-1/vendor-reviews
- Complex User Interface: Some users have reported that the platform’s interface can be a bit confusing, especially for those who are not familiar with student loan repayment processes. This could lead to friction and reduce engagement. Counseling is offered as an add-on service. https://www.myshortlister.com/candidly-1/vendor-reviews
- Primarily Focused on Loan Repayment: While Candidly excels at loan repayment solutions, it doesn’t offer as diverse a range of education-related benefits (e.g., 529 contributions), which could limit its appeal to employees looking for a more holistic benefits package. It does offer an automated finder to compare 529 plans.
3. Tuition.io
Tuition.io offers a platform for student loan repayment assistance and management.
Features
- Student loan repayment assistance and tuition reimbursement management.
- Personalized decision tools and one-on-one coaching for debt relief.
- Scalable platform suitable for organizations of any size.
- Financial wellness resources to support long-term planning.
Cons
- Less Flexibility in Benefit Options: Tuition.io’s offerings are primarily focused on student loan repayment, which might not appeal to employees who are also looking for a more diverse array of educational benefits, such as college savings through 529 plans.
4. SoFi at Work
SoFi at Work provides financial wellness benefits, including student loan repayment assistance and refinancing options.
Features
- Scalability: With experience serving a wide range of clients, SoFi at Work offers scalable solutions suitable for both small businesses and large corporations.
- User Experience: Employees have access to a comprehensive platform that integrates various financial services, promoting ease of use and engagement.
- Diversity of Products: Beyond student loan assistance, SoFi at Work offers a variety of financial products, such as personal loans and investment options.
Cons
- Lack of Customization for Employers: SoFi at Work tends to offer a more one-size-fits-all approach to benefits, which may not cater to the specific needs of diverse employee populations, especially those with varying levels of student loan debt or educational aspirations.
- Limited Retirement Options: While SoFi focuses heavily on student loan benefits, it doesn’t provide an option for student loan retirement match, potentially making it a less well-rounded choice for businesses looking to offer a wider array of education benefits.
5. Summer
Summer provides student loan repayment counseling services and a platform for users to see all of their loans in one place.
Features
- Simplifies student loan repayment with personalized recommendations
- Scales with organizations and integrates with existing benefits systems
- Ideal for public service employees and those with significant student debt
Cons
- Potential Implementation Timeframe Lag: Summer claims implementation in under two weeks, which is efficient; however, SavvyFi offers program launches in less than 24 hours, providing a faster deployment for organizations seeking immediate solutions.
Empower Your Team with the Best Education Benefits Platform—Starting with SavvyFi
When choosing an education benefits platform, it’s all about finding the right fit for your workforce and organizational goals. SavvyFi stands out with its holistic approach—combining diverse financial benefits for past, current, and future education costs; seamless user support; and personalized PSLF counseling for qualified employers to meet employees where they are. While platforms like Candidly, Tuition.io, SoFi at Work, and Summer offer valuable features, SavvyFi’s focus on both employer and employee success ensures your investment pays off in retention, engagement, and satisfaction.
Ready to give your team a benefit they’ll actually use—and appreciate? Schedule a demo with SavvyFi today and see how easy it can be to support your workforce’s financial future.
About SavvyFi: SavvyFi is a user-friendly fintech platform that makes it easy for employers to provide college savings and student loan benefits to their employees. Because the company’s platform is “zero-touch” to HR — without any complicated systems, integrations, or paperwork — SavvyFi unlocks education financing capabilities to even the smallest employers that would not otherwise be able to offer these benefits.
Disclosure: Third-party quotes shown may not be representative of the experience of all SavvyFi customers and do not represent a guarantee of future performance or success.
