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Student Loans Are Back But Your Employer May Help Pay for Them

Forma and SavvyFi Student Loan Repayment App

After a 3+ year hiatus, student loan payments are back!

If you’re like my wife and I who have 5 degrees (and the debt that goes along with it), you’re not fully prepared for this.

But I have some great news for you: You can now elect to convert your Forma wellness stipend funds into payments towards your student loans through the SavvyFi Student Loan App.

With SavvyFi + Forma, employees are sending on average $125 extra to their student loans each month. This amount could shave over 8 years off a 20-year repayment term!  It’s an unreal opportunity.

How do you sign up?

  • Sign in to Forma and search for the "SavvyFi Student Loan App"
  • Select a stipend amount and check out
  • Set up your SavvyFi student loan account
  • Sit back as your stipend is automatically converted into a student loan payment each month to help you pay down student loans faster
Get started on Forma
What other employees are saying...
“If I have this ‘use it or lose it’ stipend, I might as well transfer it to Savvy Fi. The way I see it, my company now helps me pay my student loans. If it was available sooner, I would have put my money there rather than buy a massage gun.”
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Brian K.Total Rewards
"Oh, great, if I can just use my Forma benefits towards that payment, that's another couple $1,000 that I can put towards my wedding or other things that I'm budgeting for right now.”
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Mary W.Business Development
I hadn't been using my benefit because there wasn't anything that fit. When I saw that there was a benefit for student loan payments, I thought, I fall into that category! I hope we continue to have the benefit. This is phenomenal.”
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Anonymous
"To see a recurring subscription that can just go out? Huge difference. Now I don't ever have to think about this. And it's making an impact on something that is already aligned to a goal that I have.”
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Krysytn C.Marketing Manager
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Questions?

Curious about using Forma to get the SavvyFi benefit? Email us.

FAQ

SavvyFi is a digital web application that allows you to save for a loved one’s education and/or pay down your current student loans more quickly with cashback rewards on everyday shopping, gifts from friends and family, and for select workplaces, employer contributions.

Choose how much of your available wellness stipend funds on Forma you would like to allocate to pay down your student debt. Once you select this amount and link your loans, SavvyFi will send that amount to your loans each month.

SavvyFi has direct integrations into more than 90% of student loan servicers, which allows you to easily connect your loans in a frictionless and paperless way on any device. 

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The fine print

Savvy Financial, Inc. (“SavvyFi”) is a web-based investment adviser. Our investment advisory services are made available to U.S. residents only. This website shall not be considered a solicitation or offering for any service or product to any person in any jurisdiction where such solicitation or offer would be unlawful. Nothing in this website should be construed as investment, legal, tax, regulatory or accounting advice. Prospective investors should consult with their own legal, regulatory, tax, business, investment, financial and accounting advisers. While distributions to cover K–12 tuition are tax-free on the federal level, state tax treatment will vary, and you should check with your tax professional for details. All investments involve risk, including the possible loss of money you invest, and past performance does not guarantee future performance.

Savvy Financial and the mark SAVVYFI are not associated with Heartland Financial USA, Inc. Savvy Financial will incorporate a legible and unobscured disclaimer on its website and any websites it owns that feature the SAVVYFI mark now or in the future.