Paidly VS Goodly

Paidly's answer

In today's market, where there are various offerings to reduce the financial burden of student loans, some might wonder— "Why choose Paidly?" It's a fair question and here are a few compelling reasons:

• Privacy: Nothing about the current balance or monthly payment amounts is shared with the employer. Paidly will only share the loan provider information to your employer for tax purposes, no other personal data is shared, preventing a HR nightmare

• Direct Loan Servicer Payment: With Paidly, you can have absolute peace of mind knowing that payment goes directly to the student loan servicer. This transparency simplifies the process and ensures responsibility is upheld consistently.

• Tax-Free Payments: Paidly presents an incredible opportunity where your employer can make an annual supplemental payment of up to $5,250 towards your student loan, and this amount is entirely tax-free. Few programs offer this kind of financial advantage.

• Flexible Repayment: Flexibility is a significant advantage in loan repayment. Paidly’s one-of-a-kind "On-Demand" feature gives you the power to direct one-time payments towards your student loans.

• Customized Student Loan Assistance: Paidly stands out with its innovative platform that provides an adaptable student loan assistance service, catered to meet the unique requirements of different organizations. It's all about making a difference in a way that suits each entity best.

• Seamless Benefits Integration: Paidly makes it uncomplicated for employers to offer student loan repayment as an employee benefit, integrating seamlessly with current benefits systems

In a world where tackling student loan debt can seem overwhelming, Paidly offers a refreshing approach. It’s not just a means to address student loan debt; it's a movement to empower both employers and employees – driving innovation, fostering growth, and supporting financial wellness

Paidly's answer

Paidly, along with Friends-Helping-Friends, serves a thriving community of engaged professionals who prioritize solutions for student loan debt. Our primary audience consists of progressive employers and employees seeking innovative benefits solutions, particularly in the realm of student loan repayment.

Employers — Visionary business leaders make up a crucial part of this audience. They understand the powerful impact that financial wellness has both on their employees' lives and on the overall workplace culture. By offering solutions like Friends-Helping-Friends, these employers attract and retain top talent and acknowledge the benefits of empowering their workforce through student loan repayment support.

Employees — Individuals burdened by student loan debts are key to Paidly and Friends-Helping-Friends target audience. Highly motivated to overcome financial challenges, they appreciate employer-backed support systems that ease the stresses associated with student loan repayment. Access to programs like Friends-Helping-Friends also encourages them to take control of their financial future and promotes a sense of achievement and satisfaction.

Individuals — Friends-Helping-Friends community comprises individuals who possess a compassionate, giving spirit. They are friends, family, and caring individuals that recognize the challenges faced by those dealing with student loan debt. By choosing to contribute through the Friends-Helping-Friends platform, they embody the spirit of collaboration and support that offers a helping hand to those in need.

In a nutshell, the Paidly and Friends-Helping-Friends community revolves around action, encouragement, and a shared vision of a future where student loan debts no longer hinder one's life choices or dreams. The platform invites employers and employees to join together and transform the landscape of student loan repayment into a collaborative, forward-thinking, and solution-driven movement aimed at empowering individuals and fostering financial freedom.

Paidly's answer

• Privacy: Nothing about the current balance or monthly payment amounts is shared with the employer. Paidly will only share the loan provider information to your employer for tax purposes, no other personal data is shared, preventing a HR nightmare
• Direct Payments: Unlike other systems where the employee has to handle the money in between, Paidly's pays directly to the individual's student loan servicer.
• Tax-Free Supplemental Payments: Employers can make supplemental payments up to $5,250 per year towards an employee's student loans, completely tax-free
• Easy Integration with Employee Benefits: Paidly's platform is designed for easy integration with employers' existing benefits programs, making it even easier for employers to provide this valuable benefit to their employees
• On-Demand Payments: Paidly offers a one-of-a-kind feature where employees can redirect one-time payments to their student loans. This further enables the flexibility to adapt the loan payment schedule as per individual need, be it the form of bonuses or to catchup to $5,250 a year.

To sum it up, the unique blend of all these features makes Paidly an innovative, supportive, and forward-thinking solution to tackling student loan debt. It's not just about helping employees discharge debts; it's about employers stepping up and do what is right. Together, this crucial alignment makes Paidly an empowering platform for both employers and employees alike to attract and retain talent.

Paidly's answer

Our inception is rooted in addressing the significant issue of student loan debt in the U.S. Our company was designed to help employers set up supplemental student loan benefits for their employees, providing an innovative way to tackle this societal challenge.

Our journey began with a small team fueled by big dreams. With a shared belief that student loan debt was a formidable barrier, we are committed to enabling faster loan payoff experiences for their customers. With over a decade of fintech expertise, we crafted an intuitive, easy-to-use platform enabling swift setup of student loan benefit (SLB) programs by employers. This initiative not only offers a competitive advantage to these companies but also promotes a culture of employee appreciation and increases loyalty among the workforce.

Our headquarters is in Rochester, New York, and our various remote teams continuously strive to find modern methods that alleviate the student loan debt crisis, empowering our members to achieve financial freedom and wellness. Our platform evolves constantly, spurred on by our customers feedback, embodying the living, breathing nature of a solution truly dedicated to our users.

This journey is guided by core values that form the fulcrum of our operational philosophy—empathy to understand diverse customer issues, unity in victory or failure, focusing obsessively on the customer, intentional introspection for greater clarity, and an unending quest for learning and improvement.

Paidly is more than a company, it is a vibrant movement aiming to transform the narrative around student loans in society. Its unique concept of making loan repayment a benefit, not a burden, truly captures the essence of its innovative solution—a testament to the power of empathy, unity, and ceaseless learning in the face of overwhelming challenges.