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K-State Today

March 29, 2024

Spring update for Savi borrowers

Submitted by Benefits Team

Savi is a tool available to K-State employees and dependents that strengthens users' financial footing and prepares them for student loan forgiveness. Savi requires a small fee and removes the complexities of the debt forgiveness process, passing on savings to customers.

This October, millions of student loan borrowers returned to repayment. Many issues arose during this transition, including application delays and incorrect bill amounts. Savi is here to help. We invite Savi users to fill out our questionnaire so we can provide step-by-step instructions for resolving the issues our borrowers are facing.

April consolidation deadline

Borrowers with non-direct loans — like FFEL or Parent PLUS Loans — must consolidate their loans by April 30 to take advantage of the one-time credit adjustment. The Department of Education estimates that this adjustment will give borrowers at least three years of additional credit toward loan forgiveness, and many will see their loans forgiven entirely as a result.

April is also Financial Literacy Month. Stay tuned for upcoming workshop sessions on budgeting, debt management and protecting yourself from frauds and scans. Visit K-State's official Savi page to stay up to date, and contact the benefits team at benefits@k-state.edu for further support and assistance.