Wisconsin Youth Co. Introduces Student Loan Reimbursement, 529 Plans
New employee benefit to ease the burden of education costs
Madison, Wisconsin (Oct. 21, 2019) — Wisconsin Youth Company partners with Gradifi, an innovator in employee benefits for U.S. employers to offer student loan reimbursement and college saving plans to its employees. This new benefit allows the organization to contribute financially to its employees’ student loan debt, allowing them to achieve financial health.
“We recognize the stress student loan debt and saving for college puts on many Americans, including our employees. Providing benefits that help our employees is important to us as an organization. Taking care of our employees and their families is essential to our organization and this new benefit helps us to do that,” says Rebecca Carlin, executive director, Wisconsin Youth Company.
Employees have the option to enroll in the College SaveUp or Student Loan PayDown plans. The CollegeSaveUp plan allows Wisconsin Youth Co. to help employees save for their children’s education costs by making direct contributions to 529 college savings plan. The Student Loan PayDown plan allows Wisconsin Youth Co. to help employees pay down their student loans by making a direct contribution to their student loan accounts.
“Wisconsin Youth Company recognizes the heavy burden that student loan debt has on employees. In collaborating with Gradifi, Wisconsin Youth Company is demonstrating the kind of responsible leadership needed to address one of the nation’s most pressing issues. Gradifi is pleased to work with Wisconsin Youth Company and support people who invest in education to better themselves and their communities,” says Gradifi CEO David Chang.
About Wisconsin Youth Company
Wisconsin Youth Company is a non-profit organization providing care and enrichment programs for school age children since 1974. This includes before and after school programs, and summer camps throughout Dane and Waukesha Counties. Wisconsin Youth Co. operates the Elver Park and Theresa Terrace Neighborhood Centers to serve the Elver Park and Theresa/Hammersley neighborhoods. Wisconsin Youth Company — where kids thrive beyond the school day!
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 a single-platform solution to 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, Gradifi works with employers of all sizes across the U.S. www.gradifi.com.
Media contact: Maureen Alley