April 1, 2022
New student loan debt tool available to employees
Submitted by Human Capital Services - Benefits
One of the many benefits of working for K-State is the possibility of reducing or forgiving student loan debt through the Public Service Loan Forgiveness Program. Many who have attempted to navigate this process, however, struggle with bureaucratic red tape, lender challenges and misinformation or misunderstanding.
According to the Human Capital Services — Benefits Team, effective April 1, the path to possibly reduce your student loan payments or secure loan forgiveness could be much easier.
K-State employees and dependents now have access to a robust solution that helps find the best federal repayment and forgiveness programs for individual financial situations. Brought to you through TIAA and Savi, this tool helps strengthen your financial footing in the short term; it also positions you for student loan forgiveness and could provide significant student debt savings. This tool can also cap your payment based on income and family size, frees up funds to direct towards other financial goals, and can remove the complexities of forgiveness and puts the process on auto-pilot for a small fee. Visit the HCS website for additional details.
Attend an upcoming 30-minute webinar to learn how easy it is to use Savi, how it works to reduce your monthly payment and how to get started. Register today:
To get started, visit TIAA.org/kbor/student today to calculate your savings. Please reach out to your Benefits Team at benefits@k-state.edu if you need assistance or support.