Savi

Savi is a social impact tech startup in Washington, DC working to solve the student debt crisis. We take the guesswork, paperwork, and anxiety out of a very complex student loan process with our automatic and simple to use online tool. This is a huge issue with over 46 million student loan borrowers holding an average of $37,000 of debt per borrower. The good news, though, is that more than 25% of Americans work for an employer that could qualify for Public Service Loan Forgiveness. Our custom algorithm checks loans against 150+ federal repayment and forgiveness programs to help individuals better understand their debt, lower their payments, and sort through the maze of options available to them. Savi works with a variety of customers in non-profit, healthcare, and Fortune 500 companies. Savi is a unique student loan tool that functions as a primary benefit to greater financial wellness programs. Savi users are able to reduce their student loan payment by an average of $150/month (that's over $1,700/year in new savings!). These savings are well worth the investment. We've found over $1 billion in projected student loan forgiveness for our users! Savi is a unique student loan benefit offered by employers, membership organizations, and financial institutions to their employees and members. At no cost to the borrower, Savi discovers the best options for a borrower to reduce their financial burden -- and offers an upgraded subscription service to actually take over the application process for the borrower. Savi works like a "Turbotax" for student loans- helping borrowers navigate complex programs and submit annual paperwork. Every user can find savings and see their options for free, including loan forgiveness. HR gets a custom dashboard where they can manage the benefit and track the impact of the program. Savi can also support employer contribution or retirement matching student loan benefits.