What you need to know

Don’t leave college savings or loan payments ’til later—LEAF it now. LEAF College Savings lets you make contributions to one or more 529 education savings plans, student loan payments, or both, via paycheck deductions. And, if you’re feeling strapped between student loans and retirement savings, we have a solution. The Student Loan 401(k) Match Program can qualify you for the Workday 401(k) match through qualifying student loan payments. Guess you just got schooled!

College savings and loan payment

Save for the future, pay off the past

Save with a 529 plan

  • Make regular payroll contributions to a 529 education savings plan.
  • Pick an amount to contribute that fits your budget. Regular, post-tax payroll deductions range from $25 to $1,000, and you can change your contribution amount at any time so you’re not locked in.
  • 529 earnings and withdrawals are not subject to federal tax.
  • Earnings can be used for all education expenses, including tuition, fees, books, and room and board.

Pay off your student loans

  • Make post-tax, regular payroll deductions to help pay off your student debt faster.
  • Make changes through LEAF at any time.

Sign up today

Get started with LEAF now to start contributing to a 529 plan or paying off a student loan. Use company code: workday and authorization code: seamless

Open a LEAF account

Score some retirement savings

Don’t sweat it if you can’t swing saving for retirement at the same time you’re paying off your student loans. The Student Loan 401(k) Match Program is a perfect solution.

As long as you’re enrolled in the program,  contributing 6% of your salary between your student loans and your 401(k) qualifies you for the full Workday 401(k) match. You'll also get credit for a Workday match if you contribute anything between your student loans and your 401(k). Every little bit helps, even if 6% isn't possible for you right now.

All you need to do is sign up with Fidelity. At the end of each year, Fidelity will tally up all your student loan payments from that year. Then, in January of the next year, Workday will make a corresponding true-up contribution to your 401(k).