{"id":1575,"date":"2025-05-20T21:04:21","date_gmt":"2025-05-20T21:04:21","guid":{"rendered":"https:\/\/sites.augsburg.edu\/hr\/?page_id=1575"},"modified":"2025-05-20T21:04:21","modified_gmt":"2025-05-20T21:04:21","slug":"savi-for-student-loans","status":"publish","type":"page","link":"https:\/\/sites.augsburg.edu\/hr\/employees\/benefits\/savi-for-student-loans\/","title":{"rendered":"Savi for Student Loans"},"content":{"rendered":"<div class=\"hero aem-GridColumn aem-GridColumn--default--12\">\n<div class=\"black\">\n<div class=\"hero-component-wrapper \">\n<div class=\"hero-component clearfix image\" data-analytics-id=\"948529927:H:studentDebtReliefIsWithinYourR\" data-analytics-section=\"subpage\" data-analytics-componenttype=\"hero-component\" data-analytics-section-rownum=\"1\" data-analytics-viewnum=\"3\" data-analytics-viewnumlist=\"3\">\n<div class=\"container\">\n<div class=\"hc-content\">\n<div class=\"hc-description\">\n<p><em>(pronounced &#8220;savvy&#8221;)<\/em><\/p>\n<p><span id=\":1am.co\" class=\"tL8wMe EMoHub\" dir=\"ltr\"><a class=\"button\" href=\"https:\/\/www.tiaa.org\/public\/tcm\/augsburg\/student\">Get Started with Savi<\/a><\/span><\/p>\n<p>Get on track for loan forgiveness and turn payments into retirement savings with the help of TIAA and Savi!<\/p>\n<div class=\"panel\" data-analytics-id=\"729828321:ACP:whatIsThePublicServiceLoanForg\">\n<div id=\"729828321\" class=\"panel-collapse animatable panel-expanded collapse in\">\n<div class=\"panel-inner\">\n<div class=\"panel-content \">\n<p>Employees of not-for-profit institutions like Augsburg are eligible for federal loan debt relief and repayment programs through the federal government&#8217;s Public Service Loan Forgiveness (PSLF) programs. However, the enrollment process can be complicated.<\/p>\n<p>Savi is offered to Augsburg employees and their immediate family members as a tool to explore the various PSLF options and navigate enrollment.<\/p>\n<p>The student loan experts at Savi host 60-minute live webinars twice a month. You will learn about the latest policy, how the PSLF program works, and how to get started with Savi. You&#8217;ll also get answers to your questions from one of Savi&#8217;s student loan experts. <a href=\"https:\/\/www.eventbrite.com\/o\/savi-tiaa-27739666873\">Register for an upcoming session.<\/a><\/p>\n<h2>Savi: Free Tools<\/h2>\n<ul>\n<li><em><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/www.bysavi.com\/images\/logos\/savi\/savi-default.svg\" alt=\"brand\" width=\"199\" height=\"72\" \/><\/em><a href=\"https:\/\/www.tiaa.org\/public\/tcm\/augsburg\/student\">Complete a free assessment<\/a> to see whether you qualify for an income-based repayment plan and a forgiveness program<\/li>\n<li>Continue the application and filing process on your own OR enroll in Savi Essential<\/li>\n<\/ul>\n<h2>Savi Essential &#8211; $70 annually<\/h2>\n<ul>\n<li>Helps borrowers avoid pitfalls and stay in compliance with PSLF rules for the duration.<\/li>\n<li>No paper forms to complete<\/li>\n<li>Personalized guidance from Savi&#8217;s expert support team<\/li>\n<li>Savi administers the program\u2019s requirements: annual enrollment in the IDR, employer certifications, and e-filing<\/li>\n<li>Essential users experience a &lt; 1% rejection rate on PSLF application<\/li>\n<li>Essential users may see more efficient processing of PSLF application due to elimination of errors and streamlined, digitized forms<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"groupcomponent aem-GridColumn aem-GridColumn--default--12\">\n<div class=\"clearfix fullbleed group white \" data-analytics-section=\"group_subpage\" data-analytics-id=\"1207831509:GW:\" data-analytics-componenttype=\"group-component\" data-component-id=\"saviParentContainer\" data-analytics-section-rownum=\"2\" data-analytics-viewnum=\"1\" data-analytics-viewnumlist=\"1\">\n<div class=\"group-content-wrapper\">\n<div id=\"slotOne\" class=\"clearfix full-bleed white \" data-analytics-section=\"component\" data-analytics-componenttype=\"fullbleed-component\" data-analytics-id=\"583500505:CW:letSCheckForSavings\" data-component-id=\"slotOne\">\n<div id=\"583500505\" class=\"container\">\n<div class=\"full-width-component white\">\n<div class=\"fw-wrapper\">\n<div class=\"fw-content\"><span id=\":1am.co\" class=\"tL8wMe EMoHub\" dir=\"ltr\"><a class=\"button\" href=\"https:\/\/www.tiaa.org\/public\/tcm\/augsburg\/student\">Get Started with Savi<\/a><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h3>Public Service Loan Forgiveness Benefits<\/h3>\n<ul>\n<li>Decrease monthly payments through an income-driven repayment plan<\/li>\n<li>\u00a0Be eligible for tax-free forgiveness after 120 payments<\/li>\n<li>Experience reduced stress and anxiety<\/li>\n<li>Be able to put monthly savings toward other financial goals, e.g., emergency fund, retirement<br \/>\nsavings, credit card debt reduction, home down payment<\/li>\n<li>Decrease monthly payments through an income-driven repayment plan<\/li>\n<\/ul>\n<p><a href=\"https:\/\/studentaid.gov\/manage-loans\/forgiveness-cancellation\/public-service\">Federal Student Aid: Public Service Loan Forgiveness<\/a><\/p>\n<h2>FAQ<\/h2>\n<ul>\n<li><strong>Can I apply for PSLF without Savi?<\/strong>\n<ul>\n<li>Yes! You can still apply for PSLF without Savi. Send electronic certification requests to hr@augsburg.edu<\/li>\n<\/ul>\n<\/li>\n<li><strong>Why would I want to pay for Savi Essential?<\/strong>\n<ul>\n<li>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&#8217;s Essential plan can help ensure you get the debt relief you deserve.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Does Savi Essential auto-renew?<\/strong>\n<ul>\n<li>No. Savi will remind you to re-enroll annually for PSLF programs, and you can purchase Savi Essential for another year.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Do I need to decide now to sign up for the Savi fee-based service?<\/strong>\n<ul>\n<li>No. Once you&#8217;re a registered user on Savi&#8217;s website, you can try out the free tool first, and<br \/>\ndecide later if you&#8217;d like to take advantage of the optional administrative services available in the<br \/>\nSavi Essential. Each year you will be asked if you want to continue with the service and pay the<br \/>\nannual fee or not.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><a href=\"https:\/\/web.augsburg.edu\/hr\/benefits\/SaviPSLF.pdf\">Additional FAQ<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(pronounced &#8220;savvy&#8221;) Get on track for loan forgiveness and turn payments into retirement savings with the help of TIAA and Savi! Employees of not-for-profit institutions like Augsburg are eligible for federal loan debt relief and repayment programs through the federal government&#8217;s Public Service Loan Forgiveness (PSLF) programs. However, the enrollment process can be complicated. Savi &hellip; <a href=\"https:\/\/sites.augsburg.edu\/hr\/employees\/benefits\/savi-for-student-loans\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Savi for Student Loans&#8221;<\/span><\/a><\/p>\n","protected":false},"author":176,"featured_media":0,"parent":180,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1575","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/sites.augsburg.edu\/hr\/wp-json\/wp\/v2\/pages\/1575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.augsburg.edu\/hr\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites.augsburg.edu\/hr\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites.augsburg.edu\/hr\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.augsburg.edu\/hr\/wp-json\/wp\/v2\/comments?post=1575"}],"version-history":[{"count":1,"href":"https:\/\/sites.augsburg.edu\/hr\/wp-json\/wp\/v2\/pages\/1575\/revisions"}],"predecessor-version":[{"id":1577,"href":"https:\/\/sites.augsburg.edu\/hr\/wp-json\/wp\/v2\/pages\/1575\/revisions\/1577"}],"up":[{"embeddable":true,"href":"https:\/\/sites.augsburg.edu\/hr\/wp-json\/wp\/v2\/pages\/180"}],"wp:attachment":[{"href":"https:\/\/sites.augsburg.edu\/hr\/wp-json\/wp\/v2\/media?parent=1575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}