Savi Student Loan Solution
Savi is a benefit brought to you as part of the offerings of the CSD-Retirement Trust. LSR7 employees and their family members will receive a discount off of Savi's everyday pricing!
STUDENT LOAN LEGISLATION UPDATES:
Up to $20k of Student Debt Cancellation is on hold, pending court rulings.
On August 24, 2022 President Biden, Vice President Harris, and the U.S. Department of Education have announced a three-part plan to help working and middle-class federal student loan borrowers transition back to regular payment as pandemic-related support expires. This plan includes loan forgiveness of up to $20,000.
Eligibility breakdown:
| Cancellation Amount | Loan Type | Income Eligibility |
| Up to $20,000 | Pell Grant | Individual annual income less than $125,000 |
| Married couples or Head of household annual income less than $250,000 | ||
| Up to $10,000 | All Non Pell Grant Loans | Individual annual income less than $125,000 |
| Married couples or Head of household annual income less than $250,000 |
Read more information on these updates here.
The Public Service Loan Forgiveness (PSLF) limited waiver expired on October 31st, 2022.
The limited waiver period allowed borrowers to receive additional PSLF credits towards forgiveness on loans that previously were deemed ineligible. LEARN MORE: US Department of Education: Public Service Loan Forgiveness (PSLF) Program Overhaul Fact Sheet
Lower student loan payments
America's student loan debt crisis is postponing the American Dream for 46 million borrowers. On top of it, the rules to reduce payments and forgive debt are so confusing that experts say the system is truly broken with a staggering $1.7 trillion pile of debt added up.
That's why LSR7 has partnered with Savi through the CSD Retirement Trust. Savi is an online concierge tool that will walk LSR7 student loan borrowers through lowering monthly payments with an income-driven repayment plan and ultimately achieve student loan forgiveness when available. Savi aims to be an ally in the complicated and often harrowing process of repaying student loans.
What can Savi do for you?
- Digital application with Savi e-file enrollment
- Intuitive Online Tool
- Maximize forgiveness credits
- One-on-one support from Savi Student loan experts
- Dashboard of news & policy changes
- Plan monitoring, management, and enrollment reminders
- Educational monthly webinars
How Savi Works
- Calculate: Tell Savi about you and your loans to see all available options.
- Review: Compare all your repayment and forgiveness options side-by-side.
- Enroll: Pick a plan and quickly enroll to get ongoing advice, tools and information.
