PSLF Assistance Program
Provider: TIAA/Savi
Website: https://coloradocollege.bysavi.com/
Customer Service: (833) 604-1226

Introducing a student loan solution from TIAA

Are you feeling overwhelmed by student debt? Or trying not to think about it? Public Service Loan Forgiveness (PSLF) is a federal program designed to reduce the burden of student loan debt for people who work in public service. The Colorado College is considered a public service employer for the purposes of these programs.

Simply put, PSLF pairs the immediate relief of an income-driven repayment plan (to make your monthly payments affordable) with the longer-term relief of loan forgiveness. You’ve probably heard some negative press about the difficulties borrowers have faced in attempting to realize the benefits from these programs.

TIAA has joined forces with Savi, a social impact technology company, to help Colorado College employees benefit from forgiveness programs like PSLF. The service helps eligible borrowers to understand their choices, lower their monthly payments, and enroll in a forgiveness program. You can think of them as an advocate – someone who cares as much as you do about finding a good outcome.

Between January 1, 2019 and December 31, 2019, based on Savi’s internal measurements, Savi users saw average projected savings of $1,880 per year. Money saved is money in your pocket to use for other financial goals, whether it’s building up an emergency fund, saving more for retirement, or paying off other debts.

Try the free calculator today to see if you might qualify.



Like what you see? If you pursue PSLF, you may decide to enlist a concierge service to complete and manage the paperwork for the duration of the program. The annual fee for this optional service is $60* -- around the cost of a latte per month. For many people, that works out to half the monthly savings they’ll see in the new income-driven repayment plan.

*A portion of the fee may be shared with TIAA to offset costs to support the program. In addition, TIAA has a minority ownership interest in Savi.

Resources:



PSLF Assistance Program
Provider: TIAA/Savi
Website: https://coloradocollege.bysavi.com/
Customer Service: (833) 604-1226

Introducing a student loan solution from TIAA

Are you feeling overwhelmed by student debt? Or trying not to think about it? Public Service Loan Forgiveness (PSLF) is a federal program designed to reduce the burden of student loan debt for people who work in public service. The Colorado College is considered a public service employer for the purposes of these programs.

Simply put, PSLF pairs the immediate relief of an income-driven repayment plan (to make your monthly payments affordable) with the longer-term relief of loan forgiveness. You’ve probably heard some negative press about the difficulties borrowers have faced in attempting to realize the benefits from these programs.

TIAA has joined forces with Savi, a social impact technology company, to help Colorado College employees benefit from forgiveness programs like PSLF. The service helps eligible borrowers to understand their choices, lower their monthly payments, and enroll in a forgiveness program. You can think of them as an advocate – someone who cares as much as you do about finding a good outcome.

Between January 1, 2019 and December 31, 2019, based on Savi’s internal measurements, Savi users saw average projected savings of $1,880 per year. Money saved is money in your pocket to use for other financial goals, whether it’s building up an emergency fund, saving more for retirement, or paying off other debts.

Try the free calculator today to see if you might qualify.



Like what you see? If you pursue PSLF, you may decide to enlist a concierge service to complete and manage the paperwork for the duration of the program. The annual fee for this optional service is $60* -- around the cost of a latte per month. For many people, that works out to half the monthly savings they’ll see in the new income-driven repayment plan.

*A portion of the fee may be shared with TIAA to offset costs to support the program. In addition, TIAA has a minority ownership interest in Savi.

Resources: