New Employee Benefit Helps With Student Debt

July 25, 2022

This announcement first appeared as a UAnnounce memo.

UPDATED: Sept. 2, 2022

Do you have student debt? A new employee benefit can help you work through federal repayment plans and loan forgiveness programs. 

The new benefit, called the Savi student debt solution, is offered by TIAA*, one of the University of Arizona's investment and financial planning providers.

How to use Savi

Visit the TIAA student debt relief website and follow the prompts. You will need:

  • Estimated or known monthly payments
  • Adjusted Gross Income from most recently filed federal taxes

Once you create your account, you may choose one of Savi's two tiers of service:

  • DIY (Free): Quickly see your unique repayment plan options and potential savings upon entering your personal information. Complete, print and send your own paperwork.
  • Essential ($60/year): Track payments toward forgiveness and get convenient e-filing, one-on-one assistance, reminders and more.

Employment Verification for Public Service Loan Forgiveness

The University of Arizona is a qualifying employer for Public Service Loan Forgiveness. To find out whether you might qualify, visit the Federal Student Aid website at https://studentaid.gov/manage-loans/forgiveness-cancellation/public-service. For questions about the PSLF process, phone PSLF Customer Service at 855-265-4038.

To request PSLF employer verification, please send an email to Employee Records at records@email.arizona.edu(link sends e-mail). We will then email you the fillable form with sections 3 and 4 completed, so that you can complete the other sections. To protect yourself from identity theft, do not email us a partially completed form with any personally identifiable information.

 

*All employees can use Savi regardless of whether they use TIAA or Fidelity.