(pronounced “savvy”)
Get on track for loan forgiveness and turn payments into retirement savings with the help of TIAA and Savi!
Public Service Loan Forgiveness Benefits
- Decrease monthly payments through an income-driven repayment plan
- Be eligible for tax-free forgiveness after 120 payments
- Experience reduced stress and anxiety
- Be able to put monthly savings toward other financial goals, e.g., emergency fund, retirement
savings, credit card debt reduction, home down payment - Decrease monthly payments through an income-driven repayment plan
Federal Student Aid: Public Service Loan Forgiveness
FAQ
- Can I apply for PSLF without Savi?
- Yes! You can still apply for PSLF without Savi. Send electronic certification requests to hr@augsburg.edu
- Why would I want to pay for Savi Essential?
- Savi simplifies the enrollment process and can help you compare forgiveness options and payment plans. Historically, less than 3% of PSLF applicants have successfully crossed the finish line unassisted. Savi’s Essential plan can help ensure you get the debt relief you deserve.
- Does Savi Essential auto-renew?
- No. Savi will remind you to re-enroll annually for PSLF programs, and you can purchase Savi Essential for another year.
- Do I need to decide now to sign up for the Savi fee-based service?
- No. Once you’re a registered user on Savi’s website, you can try out the free tool first, and
decide later if you’d like to take advantage of the optional administrative services available in the
Savi Essential. Each year you will be asked if you want to continue with the service and pay the
annual fee or not.
- No. Once you’re a registered user on Savi’s website, you can try out the free tool first, and