Student Loan Payments to Resume

Sept. 19, 2023
Human Resources

Are You Ready?

Student loan repayment sign, notepads, calculator and cash

If you currently have federal student loan debt to repay, your payments and interest accrual have been paused for more than three years. However, the most recent extension of the loan pause is ending soon, and payment on student loans will restart in October.

As a benefit of University of Arizona employment, consider the following resources:

Savi Student Debt Solution

Review the Savi student debt solution benefit offered by TIAA*, one of the University of Arizona's investment and financial planning providers.

How to use Savi:

  • Visit the TIAA student debt relief website and follow the prompts. You will need your:
    • estimated or known monthly payments
    • adjusted gross income from your most recently filed federal taxes
  • Once you create your account, you may choose one of Savi's two tiers of service:
    • DIY (Free): Quickly see your unique repayment plan options and potential savings upon entering your personal information. Complete, print and send your own paperwork.
    • Essential ($60/year): Track payments toward forgiveness and get convenient e-filing, one-on-one assistance, reminders, and more.

*All benefits-eligible employees can use Savi regardless of whether they use TIAA or Fidelity.

Financial Support

Review these support advisors if the payment restart prompts questions regarding your personal finances.

  • CAPTRUST

CAPTRUST is an independent retirement plan advisory firm contracted with the Arizona Board of Regents. It advises employees who need help with their financial priorities like budgeting, debt, credit, and college savings. Schedule an appointment with a CAPTRUST advisor.

  • ComPsych FinancialConnect®

ComPsych financial planners offer unlimited, objective financial guidance on various issues like debt management, family budgeting, estate planning, and tax planning. Contact ComPsych to meet with a financial specialist or explore financial topics.

  • Fidelity and TIAA financial providers

Fidelity and TIAA are investment providers approved by the Arizona Board of Regents to administer the Optional Retirement Plan and the Voluntary 403(b) retirement plans. Their representative can also provide broader financial consultation. Schedule an appointment with Fidelity or TIAA.

TIAA and Fidelity also offer workshops by request and have workshops scheduled throughout the year.