The Department of Education’s COVID-19 student loan forbearance program is ending. Interest will resume in September and payments will be due beginning in October 2023.
The path to reducing your monthly student loan payment and working toward loan forgiveness could be getting much easier. That’s because Middlebury College employees and their family members have access to a powerful financial wellness benefit to help navigate the complexities of the Public Student Loan Forgiveness program. Brought to you through TIAA and Savi, this tool not only helps strengthen your financial footing in the short-term, but it also positions you for student loan forgiveness. Savi users lower their loan payments by $140 per month and receive $40,000 in loan forgiveness on average.
• Reduces your payment based on your income and family size
• Frees up funds that you can direct towards other financial goals like retirement
• Removes the complexities of loan forgiveness and puts the process on autopilot
We’re so excited to bring this opportunity to our employees and their family members, and Middlebury College will cover the cost of Savi Essential when you use your Middlebury College email address at enrollment. To get started now, go to https://www.tiaa.org/public/tcm/middleburycollege/student or click here to register for a webinar hosted by the student loan experts at Savi. You can also visit our HR page for more information, including a Quick Start Guide to signing up for Savi’s services.