Businessolver, a SaaS-based benefits administration technology provider, has teamed with online finance company SoFi to provide student loan refinancing as a benefits package for younger workers. The two companyies are looking to benefit brokers and advisers to help them market the offering to employers.
Employees who refinance their student loans through SoFi save an average of $18,936 over the term of their loan, according to Businessolver. Employers can include the offering in their benefits lineup at no cost, though they have the option of making contributions. Employees refinance directly with SoFi, through its technology platform, and choose among products with either fixed or variable rates and a variety of loan terms.
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