HR Cloud and LoanBuddy announce Alliance and Financial Wellness App for Student Loan Employer Benefits

Jun 20, 2019 12:00:00 AM

Las Vegas — HR Cloud and LoanBuddy are joining forces to offer a robust solution to the student loan debt problem. Currently, there are 43 Million borrowers with more than $1.6 Trillion in federal student loans, that’s ⅓ of all workers in the USA. The companies have formed an alliance to offer a comprehensive student loan wellness app with a NO COST 1st YEAR SUBSCRIPTION to qualified employers who want to offer their employees the advantage of student loan benefits

HR Cloud and LoanBuddy are exhibiting at the Society of Human Resources (SHRM) Conference in Las Vegas from June 23rd to 26th, showcasing this new technology to the thousands of executives and HR professionals in attendance.

Recent proposed legislation will increase the annual dollar limit on tuition and related expenses that employers can reimburse tax-free.

“Employers seeking to offer student loan financial wellness programs frequently struggle with developing cost-effective solutions capable of seamlessly integrating data from Employers, Student Loan Employee Borrowers, and Loan Servicers, while still complying with regulations,’’ said Blaine Ornburg, Co-Founder of HR Cloud.

“We are excited to be offering demonstrations of our custom integrated financial wellness solution at Booth #1934. Stop by and see if your organization qualifies for a no cost, first-year subscription,” said Alex Bottom, Co-Founder of LoanBuddy.

To learn more visit: https://info.hrcloud.com/shrm2019

About HR Cloud

HR Cloud is a leading global provider of employee-centric solutions including SaaS applications for on/off boarding, communications, engagement, recognition, rewards, and financial wellness. Its powerful and user-friendly software eliminates manual/paper processes while reducing compliance risk. More information on HR Cloud can be found at www.hrcloud.com.

About LoanBuddy

LoanBuddy is a FinTech company that develops tools that help graduates optimize their student debt. Our software enables borrowers, financial advisors and organizations manage federal income-based repayment programs and track paper-based employer certifications of Public Service Loan Forgiveness. LoanBuddy has an accelerating “Member Community” of 300+ Advisors, that now track over $150 Million of client student debt within the LoanBuddy platform. Thousands of borrowers are improving their financial wellness with LoanBuddy. LoanBuddy is developing new features, adding capabilities and integrations suitable for Advisors, College Graduates, and Employers. For more information go to www.LoanBuddy.us

Las Vegas — HR Cloud and LoanBuddy are joining forces to offer a robust solution to the student loan debt problem. Currently, there are 43 Million borrowers with more than $1.6 Trillion in federal student loans, that’s ⅓ of all workers in the USA. The companies have formed an alliance to offer a comprehensive student loan wellness app with a NO COST 1st YEAR SUBSCRIPTION to qualified employers who want to offer their employees the advantage of student loan benefits