A new report shows the number of Pitt employees who are using the Savi program to help take control of their student loan debt.

The Savi benefit provides public service and nonprofit workers a digital process to simplify the student debt management experience and help them determine qualification for student loan forgiveness, identify potential savings, navigate through enrollment, maintain eligibility, and provide a clear path to applying for full forgiveness.

• More than 3,080 Pitt employees are estimated to have student loans. Since the University started offering the Savi benefit in 2022, there have been 3,008 enrollments in the Essential plan.

• With a combined student loan debt amount of more than $113 million, we have more than $63 million in total projected loan forgiveness for Pitt employees.

• The average projected forgiveness amount is more than $53,400 for Pitt employees participating in the Savi Essential plan.

• The average projected monthly savings is nearly $100 for Pitt enrollees.

The University offers employees free access to the Savi Essential service, a $70 annual savings, which allows employees to receive access to one-on-one support from Savi's team of student loan experts via email and live chat.

Enrollees can get important student loan policy updates; identify ways to save money on monthly payments and maximize credits towards Public Service Loan Forgiveness, including consolidation; have forms for Income Driven Repayment Plans, Teacher Loan Forgiveness, and Public Service Loan Forgiveness digitized and submitted to the Dept. of Education automatically; and receive annual enrollment and recertification reminders. 

Learn about enrolling in Savi here.

As borrowers hear back from loan servicer Mohela on their Public Service Loan Forgiveness applications, Savi encourages them to share news of forgiveness.

The 2021-2025 self-reported forgiveness amounts from Pitt employees range from $7,000 to $110,000.