Candidly’s Partnership With American Eagle Outfitters Helps Pay Down More Than $100,000 of Student Debt for Associates
23 Février 2023 - 03:05PM
Business Wire
The partnership enables AEO to support their associates by
providing student loan repayment solutions and long-term financial
wellness guidance
Candidly, the market’s most comprehensive student debt
management platform, today announced that American Eagle
Outfitters, Inc. (NYSE: AEO), a leading global specialty retailer,
has facilitated more than $100,000 in contributions to associates’
student loan debt, creating $2.8M+ of total impact and shaving 766
years off associates’ repayment time. Candidly, together with AEO,
offers student debt and financial wellness benefits to tens of
thousands of the retailer’s US-based employees.
AEO associates can use Candidly’s platform to find the
best-priced borrowing options, prepare and plan for college, pay
for college, explore forgiveness and federal student debt savings
programs, and build financial wellness. These core offerings are
available to full-time and part-time US-based associates at all of
AEO corporate offices, distribution centers and retail stores.
Additionally, full-time associates who have completed at least two
years of service to the company can also receive a monthly,
tax-free student loan contribution from AEO through Candidly.
“At AEO, our people come first and we are committed to providing
associates the tools and resources they need to meet their personal
financial health and wellness goals,” said Jessica Catanese, SVP of
Total Rewards at AEO Inc. “Our partnership with Candidly has been
well-received, and we are thrilled to reach this major milestone in
helping our associates repay more than $100,000 of outstanding
student loans.”
AEO associates have access to a dynamic platform that offers
personalized solutions to meet their unique financial needs and
goals. This comes at a pivotal time when employers across
industries look for ways to support the health and well-being of
their workforces. Student loan repayment solutions have come to the
forefront as a top benefit sought out by employees.
“By directly addressing student debt within the workplace, AEO
is recognizing the full spectrum of financial health and wellness
across their associate population,” added Laurel Taylor, CEO and
founder of Candidly. “As partners, we are thrilled to serve and
create greater financial freedom for their associates while
positioning AEO as a highly attractive employer for college
students and graduates.”
About Candidly
Candidly, formerly FutureFuel.io, is an AI-driven student debt
and savings optimization platform that addresses the full lifecycle
of education expenses and empowers people to make simultaneous
progress on paying down student debt and building wealth. Candidly
partners with leading employers, financial services companies
serving the workplace like 401(k) and 403(b) recordkeepers,
financial institutions, retirement plan advisors and more, to embed
its experience anywhere a user works, banks, or experiences
financial services. The platform supports flexible integration
options including outlink, SSO, widget integration, and APIs that
meet partners where they really are in resourcing, technical debt,
and product resourcing/roadmap capacity. Candidly supports multiple
branding options including white labeling and co-branding.
Candidly understands that education is one of the largest
investments most people will make in a lifetime — whether for
themselves or their children. Candidly brings compassion,
authenticity, and confidence to Americans as they navigate their
higher education pursuits — past, present and future. Candidly is
backed by leading venture capital and strategic investors including
Aflac, Equal Opportunity Ventures, Impact Engine, Rethink Impact,
Salesforce Ventures, UBS, Unum, and Vulcan Capital. For more
information, visit www.candid.ly.
About American Eagle Outfitters, Inc.
American Eagle Outfitters, Inc. (NYSE: AEO) is a leading global
specialty retailer offering high-quality, on-trend clothing,
accessories and personal care products at affordable prices under
its American Eagle® and Aerie® brands. Our purpose is to show the
world that there’s REAL power in the optimism of youth. The company
operates stores in the United States, Canada, Mexico, Hong Kong and
Japan, and ships to approximately 80 countries worldwide through
its websites. American Eagle and Aerie merchandise also is
available at more than 260 international locations operated by
licensees in approximately 30 countries. In 2022, AEO released its
first annual Building a Better World report, which outlines two
decades of ESG achievements through the company’s Planet, People
and Practices initiatives. For more information, please visit
www.aeo-inc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230223005298/en/
Colin Crook, Candidly Colin.Crook@getcandidly.com
American Eagle Outfitters (NYSE:AEO)
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