Simplifying Public Service Loan Forgiveness
Help your employees wipe out their student loan debt.
Student debt is one of the biggest financial challenges your employees face. Taking advantage of the Public Service Loan Forgiveness (PSLF) program has been confusing and frustrating for both employees and employers alike. That’s why Fidelity is providing an offering aimed at streamlining and automating the process—reducing stress with resources that can help your employees increase their financial well-being and confidence.
Learn more
- View a demo of the PSLF solution to see how it works.
- Review the PSLF solution fact sheet for full details.
- Read about the evolving student debt landscape.
- View the Summer employer verification process demo.
Benefits of PSLF
PSLF benefits for employees include the potential to lower monthly payments and pay off student loan debt more quickly than might otherwise be possible. With less pressure from debt and monthly payments, your employees may be able to save more for retirement and other long-term goals. Although PSLF has the power to help many of the 45 million American student loan debt holders who have qualifying public service jobs1, navigating the PSLF process can be frustrating.
For employers, the offer of assistance with student debt may be an attractive benefit, helping to increase recruitment and retention ability of key employees—a win-win for everyone.
How to help employees
Fidelity can help make it easier for your employees to tackle the PSLF process through a new solution offered by Summer, a mission driven organization that streamlines PSLF and repayment programs with digital tools. The new solution may help your employees qualify for PSLF through a simplified, automated enrollment process, with access to professional assistance along the way.