Attracting and Retaining Your Most Valuable Assets
Preferred Appreciation
Valued Recognition
Clear Commitment
Financial Wellness
EMPLOYER STUDENT
LOAN REPAYMENT PROGRAM
Personalized just for you.
We do the heavy lifting for you by creating an easy to use dashboard to keep you and your employees informed about the current status of all employer contributions, with a focus on security, and accessibility to provide seamless account management.
WHY RISLA EMPLOYER REPAY PROGRAM
Easy Implementation
Simple & Secure Set-Up
Customizable Online Dashboard
Scalable for Any Organization
Seamless & Secure Transfer of Funds
Free Support for Employer & Employees
RISLA EMPLOYER REPAY PROGRAM
WE MAKE IT EASY.
MAKING AN IMPACT MATTERS
Employees want to become financially independent to focus on their future goals, such as purchasing a home sooner or savings towards retirement. Find how much can be saved by entering your information below.
FAQ
With RISLA’S Employer Student Loan Repayment Program we work with companies to help offer tax-free student loan repayment as an employee benefit. Here are some frequently asked questions about our Employer Student Loan Repayment Program and how it benefits the employer.
What are the tax implications for the employee?
Recent Federal stimulus legislation included a provision that extends an employer’s ability to provide a student loan repayment benefit to employees on a tax-free basis before January 1, 2026. Under this provision, an employer may contribute a combined total of $5,250 annually toward an employee’s student loans, and/or education expenses (e.g., tuition, fees, books). Such payment would be excluded from the employee’s income. The provision applies to any student loan payments made by an employer on behalf of an employee before January 1, 2026.
What are the tax implications for the employer?
To remain IRS compliant and qualify for the tax-free benefit, the employer needs to make the availability of this benefit known at their organization by including a detailed HR policy in their employee handbook.
Is there a minimum participation requirement for this service?
No, RISLA does not require a minimum participation number or minimum contribution.
What is the industry standard contribution?
RISLA will help your organization tailor a program that fits your needs best. Contributions range from small monthly payments, often $50 to $200, to larger quarterly and yearly sums. Programs can be further customized to increase year after year as a retention incentive or be prorated based on hours worked.
How will our organization be billed?
There are several acceptable payment methods that will largely depend on the sum and frequency of your contributions.
How can our organization get started?
Request a demo and include any questions you might have. After the initial kick-off call and once a contract has been executed, implementation is very quick and can generally be completed in a matter of days.
