Welcome to BenElevate

BORROWERS

Many student loan borrowers struggle to understand their options to best manage their student loan debt. We can help.
Where to start? Our tools allow borrowers to determine their optimal path for managing their student loan debt. Click here to use our opportunity assessment tool.
Broadly speaking, student loan borrowers have three main approaches they can take to managing their student loan debt, though it is often not possible for an individual borrower to pursue all three.

1. Debt forgiveness. Through Public Service Loan Forgiveness (PSLF) and other programs, student loan debt forgiveness is available, though compliance is often a challenge. But not to worry, we can help with that.
2. Payment optimization. There are multiple payment plans available for student loan debt, and the optimal plan will vary by person and by stage of life and goal (lowest monthly payment, shortest period of time to retire the debt, etc.).
3. Refinancing. Private loans are available at rates below the prevailing interest rates for student loans.

Employers

The student loan burden on early and mid-career professionals has increased drastically in recent years. The average level of student debt for graduate degree holders is over $100,000, and for those with professional degrees (M.D., D.O., J.D., M.B.A., etc.) we have seen student loan balances of $300,000 or more.

Loan forgiveness, in particular Public Service Loan Forgiveness, is an effective federal subsidy to the compensation offered by an employer, and it is currently dramatically underutilized among qualified employers.

At BenElevate, we are committed to working collaboratively with employers to provide education, analysis, and implementation support that will allow employees to optimize their student loan debt, and help employers realize the benefits of increased retention, strengthened recruiting, and heightened employee morale.