MTA Benefits is on a mission to help members achieve greater personal financial security and economic savings through member benefits programs. To that end, MTAB has partnered with NEA Member Benefits to expand its student loan debt solution services.
The NEA Student Debt Navigator, powered by Savi, can help members understand their loan forgiveness and payment reduction options based on their situations.
The Navigator offers a free online student loan evaluation tool to determine eligibility for federal programs to help members manage their student loan debt.
The tool features:
- Easy-to-use software that can be accessed from a desktop or mobile device.
- A free program that automatically determines repayment and loan forgiveness options.
- Expert assistance in student debt management.
NEA members are gaining a clear understanding of programs that can help eliminate their debt, such as Public Service Loan Forgiveness and Teacher Loan Forgiveness.
Savi identifies all of the best loan repayment options available and provides the information that members need to make informed choices.
If a member enrolls in a loan repayment or forgiveness program, the Navigator will help the educator complete the U.S. Department of Education application. The Navigator also allows e-filing to reduce the likelihood of errors that can delay approval of an application.
“MTA Benefits was formed to serve the needs of MTA members, and it’s important to us that we offer members a choice,” said MTAB Marketing Manager Beth Bejoian. “With 117,000 MTA members, there really is no one-size-fits-all solution. Our approach in recent years has been to move away from exclusivity with our program partners without diluting the value that each can offer.”
Bejoian added, “We felt that the Savi program was an excellent complement to our free counseling and student loan debt service through Cambridge Credit Counseling, which has been in operation for five years.”
Savi is a social impact technology startup in Washington, D.C., that is working to solve the student debt crisis by helping the nation’s 44 million student loan borrowers better understand their debt, lower their payments, and enroll in plans that will help them on the path to student loan freedom. Savi is a public benefit corporation founded by longtime student loan experts and advocates committed to fighting for borrowers.