ICMA has joined NACo and has partnered with Savi to offer local governments student debt forgiveness support to help your employees see real savings.

43.5M Americans Struggle with student debt.

Over 9 million public service workers, including full-time county employees, are eligible for student debt forgiveness through the Public Service Loan Forgiveness program. Yet, fewer than 2% have received relief, and only 15% have submitted the required forms to access this benefit! Accessing student debt forgiveness support through Savi & help your employees see real savings. Savi saves your employees money by cutting through the red tape to maximize loan forgiveness.

Savi Will Help Your Employees Erase Student Debt

One consistent concern plaguing recent graduates and early and mid-career professionals is earning enough money to live comfortably while paying back their sometimes crushing student loans. The Mission Square Research Institute reported that nearly half of state and local government employees said they were extremely or very worried about paying back their student loans. The good news is that it is likely many local government employees qualify for the student debt forgiveness programs that have been making headlines recently.

To help ICMA members navigate the various loan forgiveness programs, ICMA has partnered with Savi, an organization that offers a technology platform that can uncover opportunities to erase or reduce student loan payments. Savi is a public benefit corporation that works with employers, membership organizations, and financial institutions to help uncover opportunities to erase or reduce student loan payments. Savi has identified more than $1 billion in projected loan forgiveness and borrowers working with Savi can reduce monthly student loan payments by an average of $187/month. Savi is offering three levels of service to choose from, including a no-cost option and more comprehensive options at a discount to ICMA members.

Savi is available as a voluntary employee cost OR city/county paid benefit. Public employees also gain access to a FREE student loan forgiveness calculator to help determine eligibility & savings.

Learn more about how Savi can enhance your employee benefits package and foster financial well-being and help your employees cut through the red tape & maximize loan forgiveness.