Simplifying Public Service Loan Forgiveness
Fidelity offers free resources to help your employees navigate student loan forgiveness.
Student debt is one of the biggest financial challenges your employees face. Taking advantage of the Public Service Loan Forgiveness (PSLF) program can be confusing for both employees and employers alike. That’s why Fidelity is offering a free resource that brings together clear, updated information to help your employees make informed decisions on managing their student loans and taking next steps. Streamlining and automating the process can help reduce stress and increase their financial wellbeing and confidence.
Benefits of PSLF
- PSLF allows for qualified borrowers working in the public sector to have the balance of their loans forgiven— tax-free.
- Lowering monthly payments through qualifying repayment programs can help alleviate financial pressure.
- Student loan forgiveness may allow employees to save more for retirement and achieve other long-term goals.
- For employers, access to PSLF guidance may be an attractive benefit, helping to increase recruitment and retention for skilled employees.
How to help employees
Employees can access PSLF information directly through NetBenefits, making it simple to explore and use alongside their other workplace benefits. Our toolkit has everything you need to help your employees get started today.
Download the toolkitFor additional resources and up-to-date guidance on federal loan repayment options, visit our Student Debt Hub and toolkit.