Financial stress can have an impact on student outcomes. When teachers are stressed, students show “lower levels of both social adjustment and academic performance".
Teacher turnover also has a negative impact, especially on lower-performing students. It's in the best interest of both school districts and their employees to put in place solutions that can improve employees' financial wellbeing in a measurable, truly impactful way.
Giving employees a way to access their own working capital (their salaries) through low-cost, salary-linked loans returns dignity to them and is a more equitable, inclusive solution than the alternatives, which are high-cost and in many cases, predatory.
Automatic repayment through salary deduction means less risk of missing a payment or going delinquent. Regular repayment helps build credit, so they can more easily and affordably participate in the financial system in the future.
Financial education that covers topics employees need the most help with, like what to do if they lose income, how to build up savings, and how to reduce spending.
Learn how school districts across Texas partnered with Salary Finance to provide financial relief to educators and support staff during the coronavirus pandemic and beyond
Employees have access to a free tool to calculate their personal financial fitness score. This helps them understand their financial situation relative to others and can provide ideas on how to improve it.
Employees have access to financial education about the topics they care most about including budgeting and spending, credit and borrowing, and saving and investing
Employees have free access to a professional customer service team that can answer questions, assist with problems, and refer them to additional financial resources and partners.
Employees can save in an easy and automated way, directly from their salary. It's easy to apply with a five minute online application process, and competitive rates, many times higher than traditional banks.
Employees have access to low-interest salary-linked loans to pay off expensive debt or to pay for unforeseen expenses.
For inquiries, contact us at help@salaryfinance.com or call us at 800-317-6850.
77 Sleeper Street, Boston, MA 02210
Salary Finance Inc is part of Blenheim Chalcot and invested in by Legal & General.
Salary Finance branded loan products are offered by Axos Bank®, Member FDIC.
All loans offered are subject to eligibility, underwriting and approval. Terms and conditions apply.
Salary Finance Inc NMLS #1750487. NMLS Consumer Access.Please Note: Salary Finance is an optional program, not a recommendation from your employer. Your employer does not benefit financially from offering this service and communications regarding your loan will be through Salary Finance directly. Salary Finance branded loans are offered by Axos Bank® Member FDIC, and are subject to eligibility, underwriting, terms and conditions, and approval. Salary deduction payments are not available to employees who work primarily in DC, IN, NH, NJ, NY and WV.