SavvyFi Clients Found an Average of $130,200 in Student Loan Forgiveness Opportunities in May
Student loan conversations often focus on big numbers.
How much debt someone has.
How much they’ll pay.
How much might be forgiven.
But after reviewing our May coaching sessions, one thing stood out:
The biggest outcome wasn’t forgiveness. It was clarity.
May Results at a Glance
- $130,200 average projected forgiveness
- $984 average monthly payment reduction
- 3.5 years shortened from forgiveness timelines
- 100% client satisfaction rating
Every participant rated their experience 10/10 and gave 5-star ratings for coach knowledge, session length, question resolution, and likelihood to recommend.
What Borrowers Actually Needed
Many borrowers arrived with the same feeling:
“I don’t know what I’m supposed to do.”
Federal student loan repayment has become increasingly complicated. Between PSLF, Income-Driven Repayment plans, consolidation rules, buyback opportunities, SAVE litigation, and changing deadlines, even highly educated professionals struggle to determine the right path.
The coaching sessions revealed that borrowers rarely need more information.
They need a strategy.
Real Examples from May
Finding Hidden PSLF Credit
One borrower learned they may be able to use PSLF Buyback to recover approximately 20 qualifying payments and move significantly closer to forgiveness.
Another borrower discovered that retroactively waiving in-school deferment and restoring COVID-era payment credit could potentially add more than 20 months toward PSLF eligibility.
Preventing Costly Mistakes
One borrower had already submitted a consolidation application.
After reviewing the situation, we determined consolidation wasn’t necessary and could have complicated an otherwise strong forgiveness strategy.
Instead, the borrower stayed on course and gained confidence in their repayment plan.
Getting Out of Default
Several borrowers came to us with loans in default.
Together, we developed strategies involving rehabilitation, consolidation, and enrollment into income-driven repayment plans that put them back on a path toward forgiveness.
For these borrowers, success wasn’t just about lower payments. It was about restoring options.
Discovering Forgiveness Is Closer Than Expected
One borrower believed forgiveness was years away.
After reviewing employment certification records and qualifying payment counts, we found they were only five months from reaching the 120-payment threshold for PSLF.
Another borrower identified additional employers that could certify past qualifying employment and potentially move them significantly closer to forgiveness.
What Borrowers Told Us
The most common theme in feedback wasn’t the dollar amount saved.
It was confidence.
“Kevin made the topic of student loan buyback for deferments clear and provided actionable steps I could follow to achieve PSLF forgiveness.”
“My meeting made the confusing topic of loan buyback clear and the actionable steps given to me will ensure the path to loan forgiveness is quick and easy.”
“My coach answered all questions thoroughly and was able to provide step-by-step instruction on the steps I need to take.”
Why This Matters for Employers
Student loans continue to be one of the most significant sources of financial stress for employees.
Yet many borrowers don’t need a new benefit, refinancing offer, or financial product.
They need help understanding the benefits and programs already available to them.
In May alone, coaching sessions helped borrowers:
- Reduce monthly payments
- Accelerate forgiveness timelines
- Recover missed PSLF opportunities
- Avoid repayment mistakes
- Navigate changing federal repayment programs
- Develop personalized action plans
The result was not just financial savings.
It was reduced uncertainty and increased confidence.
And often, that’s what employers are looking for most.
If you’re an employer reading this:
This is what it looks like when your team has real support – not just information, but guidance.
Because behind every number is a person who finally feels in control.
About SavvyFi: SavvyFi is a user-friendly fintech platform that makes it easy for employers to provide college savings and student loan benefits to their employees. Because the company’s platform is “zero-touch” to HR — without any complicated systems, integrations, or paperwork — SavvyFi unlocks education financing capabilities to even the smallest employers that would not otherwise be able to offer these benefits.
Disclosure: Third-party quotes shown may not be representative of the experience of all SavvyFi customers and do not represent a guarantee of future performance or success.
