SAVI: Treasury Federal Student Loan Transfer
The Department of Education recently announced a transfer of the $1.7 trillion federal student loan portfolio to the Department of the Treasury. While repayment plans and forgiveness programs remain the same, this is a significant structural change of federal student loans.
Use Savi to stay informed on the next steps. As part of your benefits, Savi is a repayment calculator and personalized student loan support tool that helps you save on your monthly payments and get on an optimized path towards repayment and forgiveness.
The path to reducing your monthly student loan payment and working toward loan forgiveness could be getting much easier. That’s because you and your family members have access to a robust solution that helps you find the best federal repayment and forgiveness programs for your financial situation. Brought to you through TIAA and powered by Savi, this tool helps strengthen your financial footing in the short term and positions you for student loan forgiveness. Savi can help you free up funds to direct toward your financial goals, such as retirement. Get a free assessment of your personalized options that:
- Reduces your monthly payment based on your income and family size.
- Detects your eligibility for more than 150 state and federal forgiveness programs.
- Removes the complexities to helping you stay in control of your finances at all stages of life.
The Texas A&M University System encourages employees with student loans to log in or sign up for a Savi account at tamus.bysavi.com to ensure your information is current and connect with experts.