LoanBYE Revenue and Competitors

Student loan debt has become both a personal and national crisis. With over 48 million Americans struggling with more than $1.75 trillion in student loan debt, the issue is beginning to plague the U.S. workforce. LoanBYE believes financial wellness is a key driver for overall happiness and productivity at work.\n\nLoanBYE was created to help address this issue and improve the financial wellness for millions of employees that have taken on significant debt. Government alone cannot solve the student loan crisis in the US. There is an opportunity for the private sector to be part of the solution and support employees who have taken on debt to prepare for their professional careers.\n\nLoanBYE solves this problem by leveraging employer contributions that help employees pay down debt faster; enabling them to focus on building their wealth and improving financial wellness. Through this innovative employee benefit, employers can effectively attract, retain, and incentivize employees.