Gradifi: An App Aiming to Reduce Student Debt

Gradifi is a Boston based firm that offers students the ability to reduce their student debt.

Once a student has submitted his loan details, companies join a Student Loan Paydown Plan. This is a form of employer benefits that is much more attractive to young adults than 401k.

Presumably this is a win-win for both students and employers. The former can get out of debt sooner while the latter can attract, recruit and retain employees who have taken out student loans.

The website offers a calculator that allows students to see how much time and money they can save. (Click on image to link to the calculator).

Gradifi-student loan calculator

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