Help employees achieve savings goals by paying off student loan debt.
Employee financial wellness can be negatively affected by student debt. Providing a student loan repayment program could help employees be more productive, improve retention, and lower stress-related healthcare costs.
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EXPLORE
Employer experience
Program setup can be easy
SoFi financial wellness and contribution consultants in conjunction with Enrich® help you create a path that’s right for your employees.
Employer experience
Manage eligibility and enrollment
Upload a .csv file that includes the last name, first name, work email address, employee ID, and date of birth for all participating employees.
Employer experience
Manage your Student Loan Repayment Program with simplified reporting
Access invoice information, historic data and adjust the program/participants, as needed, to support analysis.
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For illustrative purposes only.
Intended for plan sponsors and financial professionals.
EXPLORE EMPLOYEE EXPERIENCE
Employee experience
More than just student loan repayment
Employees access their Enrich® accounts through Single Sign-On (SSO) with their Principal credentials.
There’s no need to manually create an account to activate this benefit. However, employees can create separate login details if they choose.
Employee experience
Access to Principal® Milestones tools and resources, including the Enrich® Student Loan Repayment Program
Employees can explore the resources available to them on this page.
Clicking the Visit Enrich button will launch the program.
Employee experience
Enrollment in the Enrich Student Loan Repayment Program can be efficient and simple
They can also get educational information with other aspects of their finances, such as car loans or credit card debt.
Employees will take a personalized course that explains how the program works, employee and employer responsibilities, and the compound value of the benefit.
Employees will see personalized content based on how they answer questions in the course.
Employee experience
Next, employees can begin benefit enrollment through SoFi*
*Current payment processor is SoFi; chosen by Enrich and subject to change.
Employee experience
Employees can look up their student loan accounts to select their loan servicer through secure API connections with many student loan servicers in the U.S.
The program defaults to contribute to the loan with the highest interest rate to help employees reduce potential interest.
Employee experience
Benefit analysis tools help employees see their progress
Ongoing benefit management and financial wellness resources are also available in the Enrich wellness portal.
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For illustrative purposes only.
Intended for plan sponsors and financial professionals.
BACK TO TOP
The value-added resources provided through iGrad, Inc. (Enrich) are not a part of any insurance products and plan administrative services provided through Principal Life Insurance Company® or affiliated with any company of the Principal Financial Group®. All resources may be changed or canceled at any time.
The use of resources provided by Enrich should not be considered a substitute for consultation with an advisor. Principal® is not responsible for any loss, injury, claim, liability, or damages related to the use of the Enrich resources.
Questions related to Enrich Student Loan Repayment Program should be directed to sevans@enrich.org.
Information is intended to be educational in nature and is not intended to be taken as a recommendation.
Enrich, and SoFi are not an affiliate of any company of the Principal Financial Group.
Insurance products and plan administrative services provided through Principal Life Insurance Company®, a member of the Principal.
Intended for plan sponsors and financial professionals.