EdAid is a technology platform, born to help reduce the cost of higher education and to enable employers to attract & retain motivated, ambitious talent.
We are authorised and regulated by the Financial Conduct Authority and, through the EdAid Foundation (registered Charity No 1163047), are working to reduce the financial & mental burden of student debt.
160 City Road
Tel: +44 333 344 3903
PAYDOWN – Student debt contributions as a benefit
Paydown is an employee benefit product offering a simple and comprehensive way to build financial wellness at your company through contributions to student debt. The system is incredibly easy to setup – just a quick file upload from data already in your payroll system and we do the rest of the work for you.
Early results show that 87% of our students surveyed would be more likely to accept a job if the company contributed to student loan repayments. If you want to attract and retain the best graduate and early career talent, you need to offer more than free fruit and yoga.
Paydown is the only benefit of its kind in the UK and will help position you as an ethical, socially responsible employer, committed to improving financial wellbeing. A contribution of just £50/mth can save an employee up to £30k and 10 years in debt!