Make PSLF work for your workforce

The federal Public Service Loan Forgiveness (PSLF) program cancels a borrower’s student debt after they’ve worked for an eligible employer for ten years. Sounds great, right?

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In reality, PSLF is confusing for borrowers and tedious for employers. And that puts the chance that an employee’s PSLF application will be accepted — and a major incentive for long-term loyalty to their employer — at serious risk.

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The PSLF experience with and without Candidly

Only 6.7% of eligible borrowers apply for PSLF ¹

Without Candidly

Employees don’t know where they stand

Few employees know that PSLF is even an option — and if they do, verifying their eligibility status and keeping track of years’ worth of payment records is confusing and clunky

With Candidly

Every employee is in the know

Self-serve tools that demystify and streamline the end-to-end PSLF experience — from awareness to application — come standard for every employee

A third of denied PSLF applications are rejected due to incomplete or incorrect paperwork ²

Without Candidly

Employers are bogged down by the annual certification process

Signing off on workers’ annual employment certification paperwork — without letting any details slip through the cracks — is a tedious, manual task

With Candidly

Fulfilling annual certification requirements is hassle-free

Free up HR admins’ time — and remove the risk of human error — with smart solutions that automate and digitize the employment certification process

The voluntary turnover rate among nonprofit workers is 19%, outpacing the all-industry average of 12% ³

Without Candidly

Hiring is down and turnover is up

Private, for-profit employers capture would-be and current employees’ attention with flashy — and pricey — perks

With Candidly

Attracting and retaining top talent — for the long haul — is easy

PSLF benefits don’t just attract highly-educated talent: they incentivize long-term loyalty, thanks to the program’s requirement that a borrower must work for a qualifying employer for ten years