Parent PLUS Loan Forgiveness Eligibility Criteria for Borrowers

Parent PLUS Loan Forgiveness:

Insurance company TIAA and social technology startup Savi have entered into a partnership to introduce a new debt-management solution.

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This joint venture guides public-service employees seeking federal student loan forgiveness through an eligibility application.

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It aims to help employees of 100 nonprofit, health and university systems forgive approximately $286 million of their student loans.

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TIAA Senior Director Shelley Iveka said that, we know it has become such a burden for people to pay off their student loans.

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He said we'll try to help customers navigate and make their student loan payments along with getting forgiveness.

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Public Service Loan Forgiveness (PSLF) Program which is a federal program that can forgive student loans.

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PSLF forgives student loan debt of eligible employees of government organizations and nonprofits organizations .

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TIAA and Savi's new solution, which is offered as an employer-provided benefit and helps participants navigate PSLF.

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