Candidly Wins “Best Student Loan Management Platform” Designation in 7th Annual FinTech Breakthrough Awards ProgramAntonette HoCandidly, the market’s leading student debt management platform, today announced that it is the winner of the “Best Student Loan Management Platform” award in the 7th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough. This is the second consecutive year that Candidly has been recognized with a FinTech Breakthrough Award. Read more >>
Candidly picks up student debt relief where new US policies leave offAntonette HoWhile some fintech companies have taken the borrower approach, others are looking at it from an employee benefit perspective and attracting interest from venture capital investors. Those include Goodly, Highway Benefits, which announced $3.1 million in seed funding last week, and Candidly, which announced $20.5 million in Series B funding today. Read more >>
Candidly Raises $20.5 Million to Help Millions of Americans Repay Student Debt and Build SavingsAntonette HoCandidly, the market’s most comprehensive student debt and savings optimization platform, today announced it raised $20.5M in a Series B round of financing, led by Altos Ventures, with follow-on participation from Cercano Management. The Series B financing follows a year of record growth in which the company saw 10x revenue growth and a 3,600% increase of payments flowing through the Candidly platform. Read more >>
Candidly’s Partnership With American Eagle Outfitters Helps Pay Down More Than $100,000 of Student Debt for AssociatesAntonette HoCandidly, the market’s most comprehensive student debt management platform, today announced that American Eagle Outfitters, Inc. (NYSE: AEO), a leading global specialty retailer, has facilitated more than $100,000 in contributions to associates’ student loan debt, creating $2.8M+ of total impact and shaving 766 years off associates’ repayment time. Candidly, together with AEO, offers student debt and financial wellness benefits to tens of thousands of the retailer’s US-based employees. AEO associates can use Candidly’s platform to find the best-priced borrowing options,...
Tackling Student Loan Debt Relief Issues with Candidly’s Laurel TaylorAntonette HoStudent loan debt has gotten plenty of attention lately, thanks not only to the great news about the student loan debt repayment provision in SECURE 2.0, but also because of the ongoing pause on federal student loan payments. President Biden’s controversial student debt forgiveness program, and the lawsuits from a number of red states that are currently preventing that program from moving forward with Supreme Court arguments on deck. Here to help us sort it all out is Laurel Taylor,...
Student loan repayment plan proposed by Biden could cut monthly bills in half, with some borrowers paying $0Antonette HoDetails on President Joe Biden’s long-awaited changes to income-based repayment plans have been released by the U.S. Department of Education, and if implemented, they could help millions of borrowers better afford their monthly federal student loan bills. The U.S. Department of Education proposed regulations Tuesday that would reduce the monthly bills for certain federal student loan borrowers. The new repayment plan could lower monthly payments for certain borrowers to 5% of their discretionary income, from 10%. Some borrowers may save...
Lincoln Financial Group Announces Launch of Financial Wellness Marketplace for Employer CustomersAntonette HoLincoln Financial Group’s Workplace Solutions business announced today an expansion of its financial wellness program with the launch of a new marketplace that connects individuals with partner companies that offer solutions to help improve financial wellness. Lincoln will launch its financial wellness marketplace with a new partnership that will help employees and their families tackle student loan debt and savings. Candidly, a leading student debt management platform, offers users options to plan, borrow, repay and reassess their debt, and provides...
Vanguard Partners With Candidly For Student Loan Repayment ProgramZiadVanguard has partnered with Candidly to offer retirement plan sponsors a student loan debt repayment program option for eligible employees. The financial wellness service will be available to Vanguard recordkeeping clients as an opt-in feature. Vanguard expects to make the Candidly platform available in the second half of 2022. Workers with student loan debt often have difficulty reaching their financial goals. Financial planning and saving for retirement are complicated, and can be delayed because of student loan debt, says Amber...