Student Loan Forgiveness
and how NEA Member Benefits can help
Student loan debt affects FWEA educators and our families. We all work to bargain salary, and it's critical that we work together to stretch that as far as we can. In October 2021, after 48,000 NEA members advocated, there was a massive announcement expanding and improving Public Service Loan Forgiveness (PSLF).
There is a new waiver to file by October, 31 2022 for this retroactive loan forgiveness. There is detailed information, FAQ and how-to's from NEA posted here.
The recording of the NEA PSLF Seminar is posted here.
The separate one-time student loan debt cancellation information is here. For this, you must apply by December 2023.
The SAVI navigator can help both ESPs and Certs with this!
We're not financial experts and cannot provide specific advice, but we can get you started with the tools to student loan forgiveness programs. We also host NEA Benefits seminars, and have posted the info from the seminars below.
There is a new waiver to file by October, 31 2022 for this retroactive loan forgiveness. There is detailed information, FAQ and how-to's from NEA posted here.
The recording of the NEA PSLF Seminar is posted here.
The separate one-time student loan debt cancellation information is here. For this, you must apply by December 2023.
The SAVI navigator can help both ESPs and Certs with this!
We're not financial experts and cannot provide specific advice, but we can get you started with the tools to student loan forgiveness programs. We also host NEA Benefits seminars, and have posted the info from the seminars below.
SAVI: NEA Member Benefits Student Loan Forgiveness Navigation Tool
The NEA Student Loan Forgiveness Navigator, offered through a new partner for NEAMB – Savi - is designed to walk members through a step-by-step process that will help identify federal programs to reduce monthly loan payments and, ultimately, complete the process of loan forgiveness. It is free for members for one year, to gain access to premium customer service and have the Loan Navigator fill-out and file the required documentation. https://www.neamb.com/products/nea-student-loan-forgiveness-navigator
Members MUST create and account on our website to access the tool. If they have issues with this process, please call our Member Service Center at 1-800-637-4636.
The NEA Student Loan Forgiveness Navigator, offered through a new partner for NEAMB – Savi - is designed to walk members through a step-by-step process that will help identify federal programs to reduce monthly loan payments and, ultimately, complete the process of loan forgiveness. It is free for members for one year, to gain access to premium customer service and have the Loan Navigator fill-out and file the required documentation. https://www.neamb.com/products/nea-student-loan-forgiveness-navigator
Members MUST create and account on our website to access the tool. If they have issues with this process, please call our Member Service Center at 1-800-637-4636.
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Forms mentioned in the Powerpoint |
Additional Financial Information:
NEA Member Benefits website (insurance, travel, etc..) "Reduce Your Student Loan Debt" Video 'Chief Administrative Officer' in FWPS to sign your 'employment certification form' is: Jennifer Hymer at HR@fwps.org or jhymer@fwps.org Perkins loan cancellation is included in the Powerpoint. Link to FSA page, regarding January 2022 process, including new waiver to get closer to loan forgiveness. |