As CEO of Tuition.io, a platform that enables companies to offer student loan payments as an employee benefit, McQueen has secured clients of all sizes – from Fortune 500 companies to tech startups – and has raised $8.2 million to date from investors.
As a result of his efforts to bring attention to the issue of student loan debt through technology, McQueen is the recipient of a Dig|Benefits Technology Innovator Award, a program designed to recognize visionaries who are driving technology innovation in the employee benefits space. Winners will be honored at the Dig|Benefits conference May 19-20 in Austin, Tex.
Tuition.io, which counts financial services company Fidelity among its corporate clients, is a platform that tracks payments and sends funds directly from the employer to the employee’s student loan servicer. Employers can customize how they want to offer the benefit by amount, tenure, performance or department.
“The ROI of the program is almost instantly quantifiable because you are able to track, to the penny, the interest savings of the employee and the time savings,” says McQueen. “Another important insight for the employer is around adoption. These programs are approaching 20% adoption and it isn’t taking months after an invite is sent – it’s taking weeks.”
For more details on the Dig|Benefits event, during which McQueen will speak on the topic of helping employees become financially fit, visit the conference website. And join EBN’s LinkedIn group for a chance to win a free registration.
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