Student Loan Benefits Cost Calculator

Use this student loan benefits cost calculator to esitmate what offering your team Dolr student loan beneifts could cost when all eligible people receive the same contribution or if your contributions vary by role or tenure.

Number of eligible people
i
Monthly contribution per person
i
 

Dolr Program Cost  
2022*
$2,100
2023
$6,300
Impact Savings
i
−$775
−$2,335
Tax Savings
i
−$525
−$1,575
Estimated Program Cost
$800
$2,390
Get Started

Important considerations:

  • This Student Loan Benefit Cost Calculator is not tax or legal advice and is intended to estimate the cost of a Dolr student loan benefits plan. This includes the total contributions paid out, fees paid to Dolr, savings from the impact of offering financial wellness benefits, and savings from educational assistance program tax deductions of up to $5,250 per person per year estimated at the 25% effective tax rate for small companies.
  • These cost calculations assume a constant employee size, including highly compensated employees and non-highly compensated employees. Tax deductions for 2022 costs are calculated based on the number of months remaining this year starting next month. Costs for subsequent years are based on 12 months of service.
  • For a more in-depth program uniquely suited to your company please email us at benefits at getdolr dot com
Role 1
Number of eligible people
i
Monthly contribution per person
i
Role 2
Number of eligible people
i
Monthly contribution per person
i
Role 3
Number of eligible people
i
Monthly contribution per person
i
 

Dolr Program Cost  
2022*
$2,835
2023
$8,505
Impact Savings
i
−$1,557
−$4,671
Tax Savings
i
−$709
−$2,126
Estimated Program Cost
$569
$1,707
Get Started

Examples of programs:

  • You may make contributions based on internal company role such as technician, lead, or admin based on the student loan burden carried by different roles
  • You may want to contribute more to people who have been with the company longer. For example, $50/mo for people in their first year, $100/mo for people in their second year, and so on
  • For more examples of program designs please email us at benefits at getdolr dot com


Important considerations:

  • This Student Loan Benefit Cost Calculator is not tax or legal advice and is intended to estimate the cost of a Dolr student loan benefits plan. This includes the total contributions paid out, fees paid to Dolr, savings from the impact of offering financial wellness benefits, and savings from educational assistance program tax deductions of up to $5,250 per person per year estimated at the 25% effective tax rate for small companies.
  • These cost calculations assume a constant employee size, including highly compensated employees and non-highly compensated employees. Tax deductions for 2022 costs are calculated based on the number of months remaining this year starting next month. Costs for subsequent years are based on 12 months of service.
  • For a more in-depth program uniquely suited to your company please email us at benefits at getdolr dot com

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