Unpacking the new Secure 2.0 provisions?
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The digital student loan solution built for financial institutions

Loan payments have resumed for 45 million borrowers. Turn the payment cliff into a revenue and engagement opportunity with flexible student loan technology featuring best-in-class engagement, security and proven financial outcomes.

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Help your customers lower their monthly payments and free up cash flowtrue impact

We work with financial institutions to drive meaningful conversions with a track record of success.

$333

Average monthly IDR savings from Standard plan

$10.6T

Total debt managed with average forgiveness over $52,000

97%

Satisfaction score for one-on-one support
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From OUR news room

Credit Karma and Summer team up to bring student loan assistance to 22 million members

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Meet our suite of API solutionstrue impact

Implement our full suite or à la carte solutions based on your desired outcomes and inputs. Read on for a sampling of our student loan API offerings.
A faster path to realized savings

Recommendations

Automatically identify, quantify and present a path to lower monthly student loan payments with our scalable recommendations engine.

Precise recommendations at critical moments

Reporting

Identify when and how much users saved and trigger notifications at that precise moment to drive conversion for other financial products like high-yield savings accounts, mortgages, and auto loans.

Precise recommendations at critical moments

Reporting

Discover individuals who are most likely to qualify for private loan refinancing and allow them to submit an application to private student loan lenders in one click and present back real offers, all without leaving your platform.

Precise recommendations at critical moments

IDR Repayment Plan

Eliminate the friction points found in income-driven repayment (IDR) plans by providing users with personalized options and a simple path to enroll within your property.

Meet our suite of API solutionstrue impact

Plug-and-play student loan products based on your desired outcomes and inputs. Read on for a sampling of our solutions and benefits, from automating default rehabilitation to directing payments to debt.
A faster path to realized savings

Recommendations

Automatically identify, quantify and present a path to lower monthly student loan payments with our scalable recommendations engine.

Precise recommendations at critical moments

Reporting

Identify when and how much members saved and trigger notifications at that precise moment to drive conversion for other financial products like high-yield savings accounts, mortgages and auto loans.

Policy updates, made easy

Policy

The Summer solution adapts to the ever-changing student loan landscape like providing members with the ability to check if they are eligible for up to $20,000 in student loan cancellation.

Fast and reliable digital enrollment

Repayment

Eliminate the friction points found in refinancing, Public Service Loan Forgiveness, and income-driven repayment plans by providing members with personalized options and a simple path to enroll within your property.

Student loans, meet your retirement match

Recordkeepers: Simplified Secure 2.0

As of January 2024, qualifying student loan payments can be treated as elective deferrals for the purposes of employer matching in retirement plans. Help plan sponsors and participants take advantage of Secure 2.0 and increase retirement savings with digitized enrollment and complete student loan data.

Flexible solutions built for for impact and scale

Explore our sample use cases with fully integrated and non-integrated options like SSO, API and white-labeling.

Underwriting and Default Prevention

Integrate with the Summer API to automatically scan the portfolio of buyers to unlock an average monthly savings of $170 through IDR enrollment, curbing loan default and strengthening creditworthiness. For mortgage underwriting, this can increase eligibility and the amount of credit offered by your company, all while increasing adoption and engagement for your digital tools.

Promote Premium Offerings and Uncover
Cross Sell Opportunities

Tap the Summer API suite to introduce premium features centered around student loan savings for your most engaged users. Or consider offering the Summer Recommendations API for free to upsell premium features within your property or simply enhance financial literacy.

Drive Product Adoption and Engagement

Action on moments of realized savings to seamlessly nudge borrowers to commit a portion of their new cash flow to an emergency savings account or other product within your property. When tied to existing user data like credit score and purchase history, smart recommendations can drive meaningful experiences for customers over time.

Drive Product Adoption and Engagement

Action on moments of realized savings to seamlessly nudge borrowers to commit a portion of their new cash flow to an emergency savings account or other product within your property. When tied to existing user data like credit score and purchase history, smart recommendations can drive meaningful experiences for customers over time.

Promote Premium Offerings and Uncover Cross Sell Opportunities

Tap the Summer API suite to introduce premium features centered around student loan savings for your most engaged members. Or consider offering the Summer Recommendations API for free to upsell premium features within your property or simply enhance financial literacy.

Underwriting and Default Prevention

Integrate with the Summer API to automatically scan the portfolio of buyers to unlock monthly savings, curbing loan default and strengthening creditworthiness. For mortgage underwriting, this can increase eligibility and the amount of credit offered by your company, all while increasing adoption and engagement for your digital tools.

The power to rapidly change financial profiles

Tap into our technology to drive business, brand, and engagement outcomes like:
💵 Increase savings
Enrolling in IDR can save borrowers $170 a month, driving engagement for other financial products
📈 Boost consumer spending
Borrowers enrolled in IDR can hold more credit cards and carry $343 higher balances on average
💳 Improve credit scores
Borrowers enrolled in IDR plans see their credit score increase 5.6 points

Nicole W.

Teacher, Ohio
Nicole
Total Forgiveness
$148,967
🥳   We helped Nicole submit an updated employment certification form under the new limited Public Service Loan Forgiveness waiver.
"The Summer program has changed my life which means 'CREDIT' score by a whopping 70 points! Five more years of stress have been eliminated with the PSLF waiver! I am forever grateful, I have GREAT CREDIT now! Didn’t really see paying $145K+ off in this lifetime without winning the lottery."
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What members say about Summer

Hear from three individuals about their journey to savings.
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Recent Articles

The latest from our experts

We’ve done the homework on all the acronyms and regulations so you don’t have to.

What Employers Need to Know About Upcoming Wage Garnishments: A Conversation with Rich Williams

For Employers
Jan 3, 2023

What Employers Need to Know About Upcoming Wage Garnishments: A Conversation with Rich Williams

For Employers
Jan 3, 2023
by 
Rich Williams

The ‘Big, Beautiful Bill’ introduces a limited window to slash your employees’ student loan debt: Top 3 things you need to know

For Employers
Jan 3, 2023

The ‘Big, Beautiful Bill’ introduces a limited window to slash your employees’ student loan debt: Top 3 things you need to know

For Employers
Jan 3, 2023
by 
.

What U.S. Employees Are Saying About Student Debt—And What Employers Should Do Next

For Employers
Jan 3, 2023

What U.S. Employees Are Saying About Student Debt—And What Employers Should Do Next

For Employers
Jan 3, 2023
by 
Will Sealy
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Get to know our API solutions

Schedule an exploratory call or demo with a solutions specialist to learn more about how Summer technology can work for you.

Security
Our technology carries best-in-class security, including encryption in transit using TLS 1.2, encryption at rest using AES256-GCM, and payload encryption. Summer is SOC 2 compliant.