SoFi At Work Launches Student Loan Verification Service To Help Employees Pay Off Student Debt While Also Saving For Retirement
Portfolio Pulse from Happy Mohamed
SoFi at Work has launched a Student Loan Verification (SLV) service in response to Congress' approval of the Securing a Strong Retirement Act (SECURE 2.0). The service simplifies the process of linking matching employer retirement contributions to employee student loan repayments, helping employees pay off student debt while saving for retirement.
June 08, 2023 | 12:12 pm
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SoFi at Work's new Student Loan Verification service may attract more organizations to partner with SoFi, potentially boosting its revenue.
The launch of the Student Loan Verification service by SoFi at Work is a direct response to the SECURE 2.0 Act, which allows employers to match employees' student loan payments with contributions toward retirement plans. This new service simplifies the process for organizations, making it more attractive for them to partner with SoFi. As a result, this could lead to an increase in partnerships and revenue for SoFi.
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