Problem - Broken education loans http://www.wsj.com/articles/more-than-40-of-student-borrowers-arent-making-payments-1459971348?mod=e2fb
401L is a platform that enables employers to contribute certain agreed upon percentage towards its employee's(typically a new college hire) education loan repayment
How it works - Employer on boards the new employee into the system - Employee then choses a certain percentage of their salary to be paid towards their loan. - Employer fills in their contribution details( 1%, 2%, etc) - Every pay check date, the platform makes a timely payment to the loan.