Description
Paidly is a comprehensive platform designed to help companies of all sizes attract and retain top talent by simplifying student loan assistance. With two powerful features—direct employer contributions and a unique peer-to-peer support system—Paidly enables employees to significantly reduce their student debt. Leveraging the CARES Act, employers can contribute up to $5,250 annually to employee loans tax-free, enhancing benefits packages in a cost-effective manner. Additionally, the peer-to-peer support feature allows friends and family to contribute toward employee loans, with Paidly waiving usage fees and minimum donation amounts for participants. Beyond student loan assistance, Paidly also supports 529 college savings plans, promoting long-term financial wellness and fostering a more engaged and productive workforce.
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