SoFi integrates 529 college savings into SoFi At Work program

SoFi announced the addition of 529 contributions to its SoFi At Work program, providing employees with the ability to put away funds for college savings. 

The company will offer a 529 selection tool, allowing employees at companies to input data about expected college costs and household information in order to get a personalized recommendation for a college savings plan. They will also be able to link existing 529 plans to the SoFi portal and make contributions from their company payroll.

“To date, SoFi has helped over 250,000 members refinance $18 billion in student loans, continuing our commitment to easing the student loan burden,” Anthony Noto, CEO at SoFi, said in a company release. “More than ever, employees are looking to their employers for financial wellness benefits and guidance.”

SoFi previously acquired Leaf College Savings, which made the 529 program integration possible. 

Topics: Mobile Apps, Mobile Payments, Online Purchasing

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