Recordkeepers

Help participants reduce their debt and save for their future

Student debt is crushing financial wellness

It impacts retirement savings
84% of borrowers report that student loans negatively impact the amount they are able to save for retirement

It leads to bad decisions
To tackle their student loan debt, many borrowers are making early withdrawals from their 401(k)—16% of borrowers age 18-34 reported withdrawing to pay for their student loans

It impacts all age groups
Student debt does not just impact millennials—31% of Baby Boomers claim that loan debt has hindered their retirement saving efforts

Summer facilitates retirement savings

We help plan participants identify, compare, and enroll in money saving student loan programs, with borrowers saving an average of $211 on their monthly student loan payment. Summer then helps borrowers direct those savings to achieve other financial goals—including retirement savings.

Why Summer?

Ease of implementation
Summer handles the implementation, ensuring a seamless and turnkey launch experience.

 

Security
Summer has implemented industry-leading data security standards and best practices across our products and services, including full data encryption.

 

Support
Summer’s Partner Success team handles and supports each stage of the partnership, supporting communications and marketing as well as data analysis and reporting.

Recordkeepers

Help participants reduce their debt and save for their future

Student debt is crushing financial wellness

It impacts retirement savings
84% of borrowers report that student loans negatively impact the amount they are able to save for retirements

It leads to bad decisions
To tackle their student loan debt, many borrowers are making early withdrawals from their 401(k)—16% of borrowers age 18-34 reported withdrawing to pay for their student loans

It impacts all age groups
Student debt does not just impact millennials—31% of Baby Boomers claim that loan debt has hindered their retirement saving efforts

Summer facilitates retirement savings

We help plan participants identify, compare, and enroll in money saving student loan programs, with borrowers saving an average of $211 on their monthly student loan payment. Summer then helps borrowers direct those savings to achieve other financial goals—including retirement savings.

Why Summer?

Ease of implementation
Summer handles the implementation, ensuring a seamless and turnkey launch experience.

Security
Summer has implemented industry-leading data security standards and best practices across our products and services, including full data encryption.

Support
Summer’s Partner Success team handles and supports each stage of the partnership, supporting communications and marketing as well as data analysis and reporting.

HEAR FROM OUR PARTNERS

“Student debt can be a real barrier for companies trying to recruit the best possible talent. Summer’s ability to reduce employees’ student debt is not only an effective recruiting tool, but it can also improve employee retention by tackling one of their biggest sources of financial strain.”

Matt H.
CEO, Company

“We talk to so many people who have already been helped with Summer. It is a real difference you are making. No one is doing it with the accuracy and compassion that you are. We are so grateful.”

Andrea C. & Bridget M.
Education Minnesota Leadership, AFT

HEAR FROM OUR PARTNERS

“Student debt can be a real barrier for companies trying to recruit the best possible talent. Summer’s ability to reduce employees’ student debt is not only an effective recruiting tool, but it can also improve employee retention by tackling one of their biggest sources of financial strain.”

Matt H.
CEO, Company

“We talk to so many people who have already been helped with Summer. It is a real difference you are making. No one is doing it with the accuracy and compassion that you are. We are so grateful.”

Andrea C. & Bridget M.
Education Minnesota Leadership, AFT

Bring Summer to your community

Learn more about partnering with Summer to provide a benefit with lasting impact.




Learn more about the student debt crisis

Stay updated on the student debt crisis—our report, The Domino Effect, reveals the latest trends.