Employee benefits for a modern workforce
Scholars Network makes it easy and affordable to get started with education benefits in just minutes
Employee Benefits
Student Loan Repayment
- → Employer contributes directly towards employees’ student loans by sending payments directly to verified student loans.
- → Scholars Network verifies employees’ student loans to ensure they are qualified education loans under IRS Section 127.
- → Loan repayment starts only after an employee is employed. Loans are then repaid on a trailing basis.
- → Scholars Network syncs with employer’s HRIS to automatically enroll and remove employees via CSV upload, file feed, or API.
Tuition Reimbursement
- → Scholars Network assists employers with creating an education benefits plan that is compliant with IRS Section 127.
- → Employer reimburses employees for approved and completed courses.
- → Scholars Network sends payments directly to an employee’s bank account.
A Seamless Process
Employer
Employer syncs up HRIS, designs plan, and distributes flyer
Employee
Employee enrolls and takes advantage of the education benefits
Scholars Network
Scholars Network handles student loan verification, approvals, and payments
Tax Benefits
Up to $5,250 annually of tuition reimbursement and student loan repayment count as nontaxable income to employees. These amounts are also tax-deductible for employers.
Product Overview
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