Introducing Gradifi

An innovative student loan paydown benefit to help you attract, retain and engage top talent

Your employees are a valuable asset to your organization. But many may be hindered by student loans.

Today, seven out of 10 graduates enter their first jobs with an average of $35,000 in student debt1. They will take years longer to buy a home and start saving for retirement2. And their burden of debt is the largest of any generation3.

Those are just a few reasons why smart employers who wish to attract, retain and engage top talent in the job market are partnering with Gradifi to make direct contributions toward their employees' student debt.

A solution to the $1.3 trillion student loan debt crisis

That's how Forbes4 describes Gradifi, a seamless, scalable student loan repayment benefit. And setting up a Gradifi Student Loan Paydown (SLP) Plan™ - is easy to do. Which means that, with just one simple, secure transaction, you can help employees who have taken on the burden of student loan debt by making a monthly contribution to their student debt payments. The Gradifi platform handles the rest, processing and reconciling payments to all valid loan servicers.

3 reasons why employers should offer the
Gradifi tuition repayment stipend to their workforce


  • Attract Icon
    Attract

    Add the best and the brightest to your employee talent pool

  • Retain Icon
    Retain

    Give your best employees even more reasons to stay loyal

  • Engage Icon
    Engage

    Inspire your workforce to perform at the highest of standards

How Gradifi works

Financial Impact

Example of Gradifi SLP5 PlanTM

Better Together: Gradifi SLP PlanTM Plus Eagle Gold All-in-One6 for Gradifi Members7

Want to help your employees achieve their milestones faster? First Republic’s Eagle Gold All-in-One together with Gradifi might be the answer. As a student loan refinancing program, the Eagle Gold All-in-One for Gradifi Members offers highly competitive fixed rates.8
  • Employees who qualify:

    • Refinance their outstanding loans into one simple monthly payment
    • Experience a stress-free refinancing process
    • Receive attractive rates with the potential to reduce monthly payments

  • Gradifi member benefits include:

    • No origination, annual or prepayment fees
    • Personalized service from a dedicated banker

  • Loan requirements:

    • Loan amounts from $40,000 to $300,000
    • Employed 24 months in current industry
    • 750+ FICO Score

Make a significant financial impact with Gradifi. Start here.

1. Source: marketwatch.com

2. Source: cnbc.com

3. Source: CNN Money

4. Source: Forbes

5. Estimated savings are based on a $50,000 student loan balance at 6.5% APR, under a 10-year repayment plan with a $100 monthly employer contribution plus regular monthly payments made by the borrower. Source: Gradifi.

6. This is not a student loan. The terms of this product may differ from terms of your current loan. For example, this product does not contain special features such as forbearance periods and income-based repayment plans available for student loans. Applicants should discuss loan terms and conditions with their banker and contact their legal and financial advisors for advice on deciding whether this is the right product for them.

7. This offer is limited to all employees of Gradifi clients and is nontransferable.


8. In order to qualify for our advertised rates, applicants must open a First Republic ATM Rebate Checking account with automatic loan payment and direct deposit. Minimum $500 to open an ATM Rebate Checking account. A monthly fee (currently $25) will apply if a minimum monthly average balance of $3,500 is not maintained. Monthly fee waived for first three months. Ask your banker for details. If at any time during the life of the loan the borrower does not maintain automatic loan payment or direct deposit, the rates will be listed as above plus 5.00%.


Eagle Gold All-in-One Applicants must be located within close proximity to our offices which are primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland (Oregon), Boston, Palm Beach (Florida), Greenwich or New York City. Not all loans or products are available in all states. For a complete list of locations, visit our locations page or contact a First Republic banker. This is not a commitment to lend or extend credit. All loans are subject to the Bank’s underwriting standards. Additional information may be required for verification of documents provided. In Florida, Applicant shall be responsible for any documentary tax due pursuant to state law. Applicants must meet a First Republic banker in person to complete account opening paperwork. This can be done at any First Republic Preferred Banking Office.

Gradifi, Inc. is a wholly owned subsidiary of First Republic Bank.