Discover how participating in BenefitEd's education benefits programs can help make your student loan payments, tuition, or future education costs more manageable.

Let BenefitEd Help You

Pay Off Student Loans Faster

When you have an employer that contributes to student loans through employer-assisted student loan repayment, you can pay your debt down faster.

Save Money on Student Loan Interest

With help from employer-assisted student loan repayment, reduce what you pay in interest over the life of the student loan, freeing money for other things.

Get Assistance Paying for Education

You get help paying for school now or later with a tuition reimbursement plan or employer match program that increases your college savings program contribution.

Focus on Other Financial Goals

With help from your employer to support the cost of education, you can more easily balance planning for other financial goals.

I actually got on the BenefitEd website and calculated what my company pays for me each year towards my student loans and it’s going to decrease my student loans by about $2,300 over time. That calculator gives me a tangible visual of what my company’s doing for me with this benefit.

Chrystal Shetron
Behavioral Health Lead
Summit Community Care

Student Loan Repayment Calculator

The calculator below can help you see the impact of BenefitEd’s employer-assisted student loan repayment program. Plug in a few numbers to see how much time and money you can shave off your student loan payments with BenefitEd.

Student Loan Information

Total Saved:

Time Saved:

Interest Saved:

Frequently Asked Questions

We understand you may have questions about how BenefitEd’s programs work. Here are answers to some common questions we receive.

Eligibility requirements vary for our programs. They’re established by your employer. You’ll receive an email with a link to the sign-up page where you provide basic student loan or 529 plan information and determine which accounts will receive contributions. You’ll need your employee ID, name(s) of your loan servicer(s), and your student loan account number(s).
If your employer offers this benefit, they pay a portion of your remaining student loan debt in addition to the amount you pay on the loan. You continue to make payments according to the terms of the loan. A student loan repayment program is free money you’re not taxed on, paid directly to a loan.
Federal and private student loans that are in your name (not a parent or guardian’s) qualify to receive payments. Private student loans must be with a student loan provider rather than with a personal bank. International student loans do not qualify under this program.
This depends on how the employer sets up their program. Employers can set a program up to pay once or twice monthly, quarterly, or annually.
Yes, we can. However, for most employer programs, Parent PLUS loans are not eligible.
Your name, employee ID, name(s) of your loan servicer(s), and your student loan account number(s). You’ll also need the loan servicer payment address, which can be found on your student loan statement.
You’ll obtain a link from your employer to create an account and start an application for the program. This is a two-step process. Submitting the application is just the first step.
BenefitED is not a 529 Plan provider. BenefitED does not set up 529 plans nor advise on 529 Plans. Eligible employees need to set up a 529 plan thru a state sponsored direct sold 529. BenefitED does not make payment to plans set up by financial advisors.