Vault

Overview

  Over 50 million people in America have student debt. With an average of $35,000 per student, the total student debt is approximately $1.38 trillion. These loans take decades to pay off and lead to credit and cashflow problems for graduates. Much like a 401k program where an employer helps its employees save for retirement, Vault provides an online platform for employers to make contributions to pay down student debt for their employees. The company can help reduce monthly payments by an average of 49%. With a $100 match from employers, clients can pay off loans five years ahead of schedule. The end result for the average Vault user is a savings of $31,291 and an average repayment time reduction of 12 years. To learn more about how Vault’s student loan benefits can impact both employers and employees, visit vault.co.