Public Service Loan Forgiveness (PSLF) can add tens of thousands in value to your compensation package — without raising salaries.
But most eligible employees never complete the complex process.
Make PSLF simple and help your team stay on track with SavvyFi. As a result, you’ll drive recruitment and boost retention with this no-cost benefit.
The organization employs over 800 people, most with degrees and many eligible for PSLF. Yet leadership only certifies a handful of PSLF forms each year.
With an estimated 15–25% of staff carrying student debt, that means dozens — even hundreds — of employees could reduce or eliminate their debt entirely through PSLF.
SavvyFi identified that if just 100 employees complete PSLF, the nonprofit could deliver $35,000 in tax-free value per person — adding $3.5 million in total compensation without raising base pay.
Make your benefits work harder — for your people and your budget.
PSLF offers full student loan forgiveness for public service workers but confusing rules often leave qualified employees in the wrong plan or with ineligible loans.
SavvyFi makes it easy to stay on track, avoid mistakes, and get the forgiveness your team has earned through their commitment to serving others.
Employee onboards with SavvyFi.
Employee works with SavvyFi to evaluate if loan consolidation is needed to simplify PSLF tracking and increase the value of loan forgiveness.
Employee completes the form; HR certifies. SavvyFi transforms this process to a simple, digital task for everyone.
Employee stays informed and on track with SavvyFi's guidance, adjusting their plan with life changes.
Once 120 months of qualified payments are made, employee applies for forgiveness for the remaining loan balance. Celebrate as your employee reaps the reward for their service to your community!
Let’s chat about your Public Service Loan Forgiveness program support needs and employee benefits goals.
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