TO: UMass Memorial Health Benefits-eligible Caregivers
FROM: Tod Wiesman, Interim Chief Human Resources Officer
Adriana Florez, Vice President, Benefits and Wellness
DATE: September 9, 2022
SUBJECT: UMass Memorial Health Partners With Tuition.io for Student Debt Relief Management
As part of our efforts to support your professional growth and financial wellness, we are excited to announce our partnership with Tuition.io, our new student loan debt management administrator. Tuition.io will provide support to assist our caregivers with managing student loan debt, including the Public Student Loan Forgiveness (PSLF) program.
Time-limited Opportunity for the Public Student Loan Forgiveness Program
Caregivers who work at a non-profit organization such as UMass Memorial Health for a minimum of 10 years and who meet specific requirements may qualify for forgiveness of their remaining federal student loan balance through the PSLF program. The U.S. Department of Education is offering a time-limited waiver for this program now through October 31, 2022 that allows borrowers to receive credit for past student loan payments that would not otherwise qualify for PSLF.
On September 15, you will receive further details about the limited PSLF waiver opportunity from Tuition.io, as well as more information on how to begin using all the tools available to you through the Tuition.io website. Even if the PSLF program isn’t right for you, Tuition.io can assist with finding other strategies for your specific student debt goals.
More information
Join us for an upcoming webinar covering the new Tuition.io benefit at UMass Memorial Health! We'll use this time to walk through the benefit details, platform information, a live demo of the features and a Q&A period. Preregistration is not required.
Tuesday, September 13, noon to 1 pm via Zoom (Meeting ID: 830 9458 8073; Passcode: 689899)
Tuesday, September 20, 1 to 2 pm via Zoom (Meeting ID: 818 8826 1655; Passcode: 330839)
Monday, September 26, 7 to 8 pm via Zoom (Meeting ID: 846 1328 4307; Passcode: 732928)
If you are unable to join, these webinars will be recorded and shared in an upcoming communication.
To learn more about the Public Student Loan Forgiveness (PSLF) program, visit the Federal Student Aid website and read these frequently asked questions detailing how Tuition.io can help with the application process.
We hope you’ll find these new student debt management tools and programs helpful and we look forward to sharing more information about these new offerings in the coming weeks.