LoanSense simplifies student loan management for employees
We don’t just refinance student loans.
We recommended the best options to reduce the most debt for your employees. All using your existing 401(K) program.
of employees with loans would stay for up to 5 years if they received repayment assistance
average turnover cost per employee
of employees have a family member with student debt
Connect your organization to LoanSense in minutes and start seeing employee engagement and retention reports in the very first month
Engage employees by identifying the best loan options to reduce debt and guiding them through the loan filing process. So, they can focus on work not debt
Reward loyalty by customizing payoff benefits based on length of service
LoanSense leverages federal benefits to decrease overall debt burden by $1000s and accelerate payoff by years
Allow employees to pay off their student loan debt, while you save for their retirement, and it's tax-deductible for you
Payroll deduct, autofile paperwork and send reminders on loan tasks
Borrowing and repayment tools for the entire family, so children and spouses can manage their debt as well
Both public and private employees qualify for income based-repayment plans.
Only 20% of those who qualify for an income-based plan actually apply.
LoanSense repayment planning alleviates loan stress and yields results.
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Ann Arbor, Michigan
LoanSense offered me an extremely comprehensive look at my student loans, giving me invaluable knowledge and guidance about my repayment options.
This tool allowed me to truly make an informed decision about how to payback my student loans, even showing me options that I didn't know were available.
With LoanSense I was able to decrease my monthly loan payment by almost 90%, and potentially save over $30K over the lifetime of my loan. I cannot recommend this service highly enough.
My loan servicer put me on a plan I thought was an income-based plan but they just extended my time in repayment.
LoanSense recommended the best income-based plan option for me and helped me enroll. It was simple, quick, clear and honestly a life saver!
With LoanSense, I saved $100 a month, 75 months off repayment and a total of $9,171* I’d otherwise have to pay back. What a relief!
LoanSense uses 256 bit encryption, the standard bank level encryption, to protect user data.
We do not share employees' personal data with any third parties for marketing purposes.