Navigate Student Loan Forgivness with Savi
As a State of MN employee, you may be eligible for federal student loan forgiveness under the PSLF (Public Service Loan Forgiveness) program if you have made 120 qualifying loan payments.
Effective December 1, 2022, Minnesota State is partnering with Savi, a service provided through TIAA to help employees navigate student debt forgiveness and find the best loan servicing programs based on their unique financial situations. Please see additional information about Savi below.
Savi offers a special service, called Savi Essential, which can help you navigate the complex rules and procedures of the PSLF program, making it easier to stay on track for loan forgiveness. With an annual fee of just $60, the experts at Savi will support you with various PSLF tasks, handle paperwork on your behalf and remind you when it’s time to recertify for the next year for your annual fee. Specifically, Savi will help you:
- Determine if your loan(s) qualify for forgiveness
- Identify the best repayment method for your loan and your estimated monthly payment
- Estimate how much money will be forgiven and when
- Consolidate your loan(s), if needed, to conform with the PSLF Limited Waiver requirements
- Generate any required forms, help you complete them, check them prior to submission and then submit them on your behalf
- Monitor your submitted applications and forms with loan servicers and your employer
- Track your PSLF credits once you start making loan payments under the program
- Update you on any policy changes
Savi and TIAA will be offering free webinars for employees with more information about the PSLF program. Please see the links below to register for the webinars.
Thursday, December 8 at 11:00am
Thursday, January 19 at 1:00pm
To get started with Savi, please visit: tiaa.org/minnesotastate/student.