Senior Infrastructure Engineer

NEW YORK--(BUSINESS WIRE)--Candidly, the leading AI-driven student debt and savings optimization platform, announced today a partnership with intellicents to bring Candidly’s student debt solutions to intellicents’ customers who include plan sponsors and their plan participants. This collaboration serves to support intellicents on its mission to help the typical American worker - “the underserved” - get their financial house in order by helping them plan and pay for college, repay student debt, and build savings via access to Candidly. For the majority of the 45 million Americans who carry student debt, the return of federal student loan repayment — which resumed in Fall 2023 after a three-and-a-half year-long moratorium — has proved challenging. Nearly 40% of borrowers failed to make their first post-moratorium payment. The burden of these monthly payments, which average nearly $400, set off a domino effect of financial impacts that often last a lifetime. 80% of borrowers delay retirement savings while paying off college debt, and by age 30, the average borrower has 50% less retirement savings than peers who didn’t take out loans to pay for school

NEW YORK--(BUSINESS WIRE)--Candidly, the leading AI-driven student debt and savings optimization platform, has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2024. Candidly earned this accolade for its pioneering role in revolutionizing traditional retirement benefits with a new retirement plan provision that gets student loan borrowers off the sidelines and into long-term financial security. To date, Candidly has generated $1.2B of projected student debt impact for the workers it serves. Candidly’s Student Loan Retirement Match solution operationalizes the provision of SECURE Act 2.0 that went into effect on January 1, 2024, enabling employers to match employees’ student loan payments with tax-advantaged retirement plan contributions. This marks an unprecedented opportunity for the 45 million Americans with student debt, 80% of whom say that they prioritize paying down their debt over making retirement contributions, thus missing out on years (often decades) of compound interest on wealth. Candidly has urgently translated smart SECURE 2.0 policy into practice, enabling workers to make simultaneous progress on paying down debt and building wealth via a retirement match on student loan payments

NEW YORK--(BUSINESS WIRE)--Candidly, the leading AI-driven student debt and savings optimization platform, released today its 2023 Impact Report, which highlights customer profiles and shares key milestones met by the company in 2023. Achievements featured in the report include surpassing $1 billion in projected impact over the life of the loans of its end users, the vast majority of whom are offered Candidly as a workplace benefit from their employer. This number represents the total dollar impact that Candidly users are on track to realize as a result of actions taken and payments facilitated through the Candidly platform; for example, dollars saved on interest from extra payments, monthly savings from income-driven repayment plans, and projected forgiveness amounts.These thresholds were crossed in a year full of landmark events, including the Supreme Court’s rejection of the Biden-Harris Student Debt Relief Plan and the return of monthly federal student loan payments following the end of a three-and-a-half-year-long moratorium. Amid these twists and turns, Candidly drove significant value — for its strategic distribution partners, employer customers, and their employees — through the company’s student loan repayment and optimization solutions:Core Platform - Qualifying users lowered their federal student loan payment by an average of $335 per month with the help of Candidly’s core platform, which empowers borrowers to discover, select, and apply for federal repayment plans, including the new SAVE plan, in minutes.- Qualifying users lowered their federal student loan payment by an average of $335 with the help of Candidly’s core platform, which empowers borrowers to discover, select, and apply for federal repayment plans, including the new SAVE plan, in minutes. Tax-Advantaged Student Loan Employer Contributions - Candidly tripled the dollars sent to student debt via employer-sponsored student loan repayment contributions in 2023. This benefit unlocks a major boost in employee retention — workers who received repayment contributions through Candidly were 76% less likely to leave their employer.- Candidly tripled the dollars sent to student debt via employer-sponsored student loan repayment contributions in 2023