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Navigating federal student loans with Savi
Publication Date - September 22, 2026
Due to recent changes in the federal student loan system, employees currently enrolled in the SAVE plan must select a new repayment option to avoid being automatically placed into the standard 10-year plan, which is typically the most expensive option.
Why action is needed now
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- Over 500,000 Income-Driven Repayment (IDR) applications are currently backlogged nationwide. Applying early helps avoid extended processing delays.
- For employees pursuing Public Service Loan Forgiveness (PSLF), time spent in SAVE forbearance does not currently count toward qualifying payments. Delaying action may pause progress toward loan forgiveness.
- The first critical deadline is September 30, with additional deadlines continuing through the end of the year.
Bethel’s student loan benefit partner, Savi, is hosting a Borrower Support Day on Wednesday, September 30.
Employees can participate in 1:1 sessions or webinars with Savi experts to review specific loan balances, compare repayment plans, and complete enrollment in an optimal program.
Register for Borrower Support Day
For questions regarding student loan options, contact Savi directly at savipartnerships@bysavi.com.