Student Loan Forgiveness through NEA Member Benefits
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 members need to file by October 2022 for this retroactive loan forgiveness. There is detailed information, FAQ and how-to's from NEA posted here.
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.
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 members need to file by October 2022 for this retroactive loan forgiveness. There is detailed information, FAQ and how-to's from NEA posted here.
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.
NEA Member Benefits Student Loan Forgiveness Navigation Tool
Whether at a local meeting or the Representative Assembly, we hear from members that help with managing their student loans is one of the key areas they would like assistance from NEAMB.
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.
Whether at a local meeting or the Representative Assembly, we hear from members that help with managing their student loans is one of the key areas they would like assistance from NEAMB.
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: Tricia Gillespie at HR@fwps.org or tgillespie@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. |