SAVI

Savi is a service that helps people manage their student loans and education benefits. It uses artificial intelligence and expert advice to guide individuals through student loan repayment, find forgiveness programs, save for retirement, and discover educational chances. Savi works with many different organizations, such as large companies, small businesses, universities, and hospitals.

Benefits

Savi aims to reduce the stress and financial pressure that comes with student debt. People using Savi often save about $187 each month. Over their lifetime, users could save around $38,980. Savi has helped people find over $5 billion in savings. The company has a high success rate, with more than 98% of federal student loan applications being approved. One company found that for every dollar they spent on Savi, an employee got $223 in debt forgiveness.

Savi offers several key advantages:

• Student Loan Help:An AI tool looks at over 150 forgiveness and repayment plans. It estimates how much you can save, helps you sign up automatically, and gives you updates to manage your student debt.
• Student Loan Payments:This feature helps lower employee loan debt by allowing direct payments to loan companies. Savi handles all the paperwork.
• Retirement Savings:Savi helps with saving for retirement by matching student loan payments. Savi manages this process for employers, directing the matches into employee retirement accounts.
• Tuition Help:A simple way to manage tuition help for employees taking college or job-related courses. Savi handles program management, taxes, and employee support.

Use Cases

Savi's services are useful for attracting and keeping employees, especially for jobs that need a college degree. By helping with student loan debt, organizations can draw in and hold onto talented workers. Savi's knowledge of policies and student loans, along with its status as a public benefit company, helps keep partners and users informed and leads to significant financial savings.