Student Loan Debt Relief

TIAA and Savi: Simplifying Student Loan Forgiveness

TIAA has partnered with the student loan experts at Savi to help Tulane employees navigate the complexities of federal student loan programs, such as Public Service Loan Forgiveness (PSLF).

Powered by Savi, a social impact technology company, this tool provides Tulane employees with the opportunity to assess their eligibility and identify the best federal repayment and forgiveness programs based on their financial situation.

How It Works

Despite the potentially significant benefits of programs like Public Service Loan Forgiveness (PSLF), the rules and requirements are complex, resulting in a low success rate without expert assistance. To address this, TIAA and Savi offer a tool designed to help you:

  • Assess your eligibility.
  • Potentially cap your payments based on income and family size.
  • Successfully take advantage of programs like PSLF.

Savi offers two service tiers for borrowers:

  1. Free Calculator: Assess your situation and receive guidance on the best options available.
  2. Savi Essential Service: For an annual fee of $60, enroll in a service that streamlines the entire process. Learn more in the Savi Quick Start Guide.¹

What to Expect with Savi Essential

Savi Essential simplifies the forgiveness process—from enrollment to ongoing support and payment tracking—ensuring you stay on track from start to forgiveness.²

Here’s how it works:

  1. Enroll in Savi Essential Service and provide your basic information.
  2. Savi will handle the rest, including verifying and submitting your forgiveness application.
  3. Savi coordinates with your loan servicer after the verification process is complete.
  4. You’ll receive reminders from Savi for ongoing tasks, such as annual submissions to the PSLF program, ensuring compliance with all program requirements.

Who is Eligible?

Eligibility depends on factors such as full-time employment, income, debt amount, number of dependents, and other personal information. Use Savi’s free assessment tool or review the Savi Quick Start Guide to determine if you qualify for a forgiveness plan.

Visit TIAA.org/Tulane/student to learn more.

Additional Information 

We’re excited to offer this opportunity to our employees and their family members. Remember, student debt incurred on behalf of your children (e.g., Parent PLUS loans) may also qualify for relief. Take a moment to see how much you could lower your monthly payment today.

Want to Learn More?
Savi hosts weekly student loan forgiveness workshops open to the public. Register for an upcoming virtual workshop here.