Eduloan is able to offer concrete, accessible and knowledgeable ways to help employers finance the continued education of their workforce. We can assist in targeting the skills area in which the company has a shortage and provide its employees with access to education in this field.
Eduloan also prepares employees for the time and lifestyle management adjustments involved with simultaneously studying and working as well as assisting them in managing and paying for their loans through various avenues such as bursaries, reimbursements and standing debit orders managed by the company known as salary deductions.
If they opt for salary deduction as the method of payment, they will have greater control over their finances as they will be able to manage their payments more effectively. They can also be secure in the knowledge that their loans are budgeted for and taken care of when a salary deduction is arranged with their employer on a monthly basis. This will also relieve them of the administration hassles of paying off their student loan. Finally, different credit criteria apply when you nominate salary deduction as the method to pay back your instalments.
In addition to our financial services, we’ve also pioneered several innovations to improve the overall handling and allocation of bursary funds. The Edu-Xtras card is a bursary management tool that assists with budgeting and allows Eduloan to manage the entire administration process, alleviating the administrative burden placed on the bursar and the students.
The skills development opportunities that Eduloan provides your staff and their dependants will ultimately create improved relationships between you and your staff. So give your employees the upper hand, support their decision to opt for a salary deduction and help unlock their potential.
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