Learn about 529 plans, saving for educational expenses, and paying off student debt.
(Published by Filice.) At a time when talent is tough to attract and retain, HR managers are pulling out all the stops with benefits and perks. But if you’re not leveraging the lure of college savings and loan repayments, you’re missing a competitive edge.
(Reported by Hypepotamus.) Companies have to get smarter about employee benefits if they want to attract the best talent in 2022. That might bring to mind concepts like flexible work hours, gym memberships, or competitive retirement matching plans. But a team of Nashville-based entrepreneurs thinks it is time to add education payment options to the mix.
(Interview by 401K Specialist.) Long expected, it’s finally happened. President Biden declared student loan debt relief for certain borrowers through what the administration calls targeted cancellation. We wanted to know what it meant for borrowers and retirement savers and what impact it might have on employee benefits, so we asked Jeffrey Hull, founder of Savvy Financial.
When a company offers any benefit to its employees, there’s a fast way to gauge whether the effort was a hit or a flop: adoption rates. Some benefits take off like rocketships, with employees racing to onboard; others languish on the sidelines. Blue Earth Diagnostics’ Human Resources Manager saw this surprising disparity in real time when the company introduced four new benefits at the same time and discovered that employees were overwhelmingly most interested in the college savings and student loan benefits of SavvyFi.
(Published by Yahoo! Finance.) Amidst the uproar around the college debt crisis, SavvyFi is riding a wave of interest in college savings and student loan benefits from investors, benefit consultants, and corporations. The Nashville-based fintech solution for college savings and student loans brings accessibility and crowdfunding to employee benefits.
SavvyFi has partnered with EvoShare to bring you cashback rewards on everyday shopping. EvoShare allows you to receive cashback rewards directly to your SavvyFi 529 account by shopping online, dining in-store, and booking travel. We’ve come up with some easy suggestions on how to use SavvyFi’s cashback program so you can put a dent in your student debt or build up your 529 savings much more quickly.
Student debt struggles in their own pasts are probably the main reason why parents are starting their college funds earlier than previous generations. Starting early is important, but just how important?
To answer this question, SavvyFi ran the numbers to show a hypothetical “cost of waiting” and the importance of funding a 529 college savings plan as soon as possible.
(Reported by 401k Specialist.) EvoShare, a micro savings-oriented FinTech startup based in Berkeley, California, and SavvyFi, a tech-driven 529 employee benefit platform headquartered in Franklin, Tennessee,