Gradifi And EVERFI Team Up To Provide Financial Wellness Education Programs As An Employee Benefit

BOSTON–(BUSINESS WIRE)–Gradifi,
a leading provider of student loan and college savings employee
benefits, today launched a nationwide initiative to offer financial
wellness education as an employee benefit in collaboration with EVERFI,
the nation’s leading education technology company.

EVERFI’s award-winning curriculum teaches money management basics about
a wide range of topics, including savings accounts, checking accounts,
credit cards, credit scores and identify theft. The three-to-10-minute
modules also cover sophisticated personal finance matters, such as
budget, tax, and financial planning; securing a home mortgage;
refinancing student loan debt and saving for education; developing an
investment strategy; understanding retirement accounts; and managing
risk and insurance.

Gradifi will offer EVERFI’s interactive content and tools to the more
than 700 organizations using any of the following three solutions from
Gradifi:

  • Student
    Loan PayDown
    , which enables employers to make direct
    contributions to pay down an employee’s student debt;
  • Gradifi
    Refi
    , which gives employees immediate access to leading student
    loan refinancing lenders with exclusive offers at no cost to the
    employer;
  • College
    SaveUp
    , which facilitates employer contributions to employees’ 529
    college savings plans to head off the burden of student debt.

Gradifi’s collaboration with EVERFI is another innovative way our team
is helping organizations become an employer of choice,” said David
Chang, CEO of Gradifi. “We’re pleased to be working with EVERFI, which
is the gold standard in financial wellness education. Together, we’re
helping U.S. employers meet a real need by improving the money
management skills of their employees.”

EVERFI delivers financial education to more than 750 financial
institutions across the U.S. and has certified over 18 million learners. First
Republic Bank
, parent of Gradifi, has been working with EVERFI since
2015 to offer financial literacy programs in its urban, coastal markets,
educating more than 12,000 students over the past four years.

Gradifi’s initiative with EVERFI is part of a multi-faceted,
employer-sponsored approach to educating employees and helping them
relieve the burden of student loan debt.

In 2018, Gradifi launched another innovative education program in
conjunction with American Student Assistance®, a nonprofit organization
that assists student loan borrowers better understand their options.
American Student Assistance provides phone and online counseling to
employees whose companies offer any of Gradifi’s services.

To find more about the EVERFI program, contact Evan Willingham, EVERFI
Vice President, Financial Education, 919.971.3415.

About Gradifi

Gradifi is an innovator in employee benefits for U.S. employers.
Gradifi’s mission is to help employers build loyalty with their
workforce by providing employee benefits that positively impact their
employees’ financial well-being. Gradifi offers an all-in-one,
cloud-based platform that allow employers to offer employees student
loan refinancing opportunities, and employer-sponsored contributions to
student loans and 529 college savings plan accounts. A unit of First
Republic
(NYSE:FRC), Gradifi works with employers of all sizes
across the U.S. www.gradifi.com.

Contacts

For Gradifi
Ed Harrison, 781.966.4158
[email protected]

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