22Mar
20Mar
The World’s Most Innovative Companies of 2024
Candidly on the list. Read more >>
20Mar
This startup helps student debtors move from payments to planning
Most companies help their employees save for retirement. But for a generation burdened with student loan debt, paying off those balances is often a higher priority. Candidly, a New York-based startup which started working on this problem in 2016, helps employees optimize their debt through loan consolidation and income-based repayment plans, among other mechanisms. Candidly, which announced $20.5 million in Series B financing in March 2023, saw its revenue increase tenfold last year and notched a 3,600% increase in dollars...
21Feb
Student Loan Platform Projects $1 Billion Impact for Users
Candidly, a platform that helps employees reduce their student debt and increase their savings, surpassed $1 billion in projected dollar impact in 2023, according to its annual report. The number represents the total amount of dollar impact Candidly users should receive as a result of actions taken on the platform. Users—most of whom have access to Candidly through their employer—can use the AI-powered platform to help tackle their student debt as well as plan and pay for college. The platform...
16Feb
Candidly Releases Inaugural Impact Report
Candidly, the leading AI-driven student debt and savings optimization platform, released today its 2023 Impact Report, which highlights customer profiles and shares key milestones met by the company in 2023. Achievements featured in the report include surpassing $1 billion in projected impact over the life of the loans of its end users, the vast majority of whom are offered Candidly as a workplace benefit from their employer. This number represents the total dollar impact that Candidly users are on track...
27Jan
401(k) Real Chat: Laurel Taylor
Retirement industry thought leaders answer three probing questions on critical issues, providing an open, honest and candid dialogue. This week, we host Laurel Taylor, founder & CEO at Candidly, which helps DC plan sponsors help their employees better manage their student loans. Read more >>
25Jan
Employers have short window to help workers ‘crush student debt’ through retirement plan match
Through 2025, employer-sponsored retirement plans are able to help workers “crush student debt” by offering a retirement plan match based on a qualified student loan payment, Candidly Founder and CEO Laurel Taylor said Tuesday at a conference. The retirement symposium was sponsored by the Employee Benefit Research Institute and the Milken Institute. The potential benefit comes from the Consolidated Appropriations Act, which was signed into law in 2020 as part of pandemic relief efforts. Read more >>
21Dec
Your employer may soon give you a 401(k) match for your student loan payments
In the new year, some employers will begin making matching 401(k) contributions into a retirement account for their employees’ student loan payments, a change that could be “transformational” for borrowers who may have trouble saving for retirement while paying down their debt. Different provisions in the legislation have different implementation dates: 401(k) matches for student loan payments will begin after Jan. 1. That comes just a few months after federal student loan payments resumed after a three and a half...
12Dec
Nudge Money Announces Partnership with Candidly to Empower Users to Tackle Student Debt
Nudge Money, the preeminent full-spectrum AI Financial Wellness Solution, announced today a partnership with Candidly, the leading AI-driven student debt and savings optimization platform. This collaboration aims to empower employer and financial institution customers of Nudge to support their workforce and customers with tools that help with planning and paying for college, repaying student debt, and building savings via access to Candidly. Read more >>
05Dec