Employees Move Your Company Forward

Contributing to their financial wellness can increase their commitment and loyalty to your organization.

Attracting and Retaining Your Most Valuable Assets
Preferred Appreciation
Preferred Appreciation
Show appreciation for your employees by helping them with their future.
Valued Recognition
Valued Recognition
Let employees know you value their education and training with a financial assistance benefit.
Clear Commitment
Clear Commitment
Show employees they are the most important asset of your organization.
Financial Wellness
Financial Wellness
Help reduce financial stress with an Employer Student Loan Repay Assistance Program.

HARVARD BUSINESS REVIEW

"86% of young workers surveyed by American Student Assistance said they would commit to five years with an employer that helped them pay off student loans. Yet, only 8% of companies offer a Student Loan Repayment to their employees. With so few companies providing debt help, those that do often gain a recruiting edge."

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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
Easy Implementation
Simple & Secure Set-Up
Simple & Secure Set-Up
Customizable Online Dashboard
Customizable Online Dashboard
Scalable for Any Organization
Scalable for Any Organization
Seamless & Secure Transfer of Funds
Seamless & Secure Transfer of Funds
Free Support for Employer & Employees
Free Support for Employer & Employees

How the Employer Student Loan Repayment Assistance Program Works

We will customize your program saving you time, effort, and money, to offer a valuable solution to reward employees for their educated talents.

RISLA EMPLOYER REPAY PROGRAM WE MAKE IT EASY.
RISLA EMPLOYER REPAY PROGRAM
WE MAKE IT EASY.
ONE> Employer Customization

We will work with your Human Resources Team to identify employees with student loan debt and customize a benefit package based on your unique needs. Customization options include.

  • Eligibility: Personalized employee groups determined by you
  • Duration: Length of program availability e.g. number of years or up to maximum dollar amount
  • Contribution Amount: Dollar amount offered per employee
  • Contribution Frequency: Flexible scheduling of payment (monthly, quarterly, yearly)
TWO>> Program Pricing & Implementation

Implementation is quick, easy, and NO start up cost! There are no minimums to meet and the only cost for this program is $4 per contribution disbursement, per employee.

  • You upload employee enrollment file
  • We activate eligible employees to our online portal, manage information, and contributions
  • You approve employees enrolled in the program for contributions
  • We will distribute and confirm payments to employees accounts based on your requested frequency
THREE>>> Communication & Reporting

Let us do the heavy lifting by tracking the impact of employee participation by delivering robust reporting of enrollment status and updates.

 

  • Monthly enrollment reports to keep up to date with employee participation
  • Employees receive payment confirmation to reinforce the program's value
  • Employers and employees have 24-hour access to online payment transactions, histories, and summaries through the RISLA Repay Dashboard

REQUEST PRODUCT DEMO

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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.

* Estimated calculations are based on the terms entered above using a 15-payment term. 'With Contributions' payment calculations also include the Employer Contributions value entered.

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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.

SURVEY SAYS.

Find out what your employees are thinking about our great new benefit.

Your employees will be able to rank student loan assistance as a benefit as well as get a detailed and anonymous profile of your employees' responses! 

Personalized Employee Survey

RISLA PRODUCTS & SERVICES
COLLEGE PLANNING CENTER

Students and families can be overwhelmed with planning and how to pay for college.  We have experienced counselors that offer one on one assistance helping families understand all their options start to finish.

EDUCATION LOANS

We have been offering low cost, fix rate education loans for almost 30 years.  Helping students and families borrower responsibly to help achieve their higher education dreams.

REFINANCE

Refinancing may help you simplify and save when repaying student loans.  Combining outstanding balances, and securing a low interest rate with RISLA may reduce your overall repayment amount and possibly your monthly payment.

EMPLOYER REPAY

Employer Student Loan Repayment assistance is a tax-free benefit allowing employers to contribute towards the repayment of employee student loans.  This newest in-demand employee benefit helps reduce financial stress for employees while increasing retention and loyalty to employers.