PSLF Peace of Mind
Understanding the SAVE Plan Transition and Other Repayment Plan Changes
Recent federal student loan repayment changes announced on July 1 will require borrowers currently enrolled in the Saving on a Valuable Education (SAVE) Plan to transition to a different repayment plan over the coming months.
Important Information for SAVE Plan Borrowers
If you are currently enrolled in the SAVE Plan, you may have already received, or will soon receive, a notice from your federal loan servicer advising you of a 90-day window to select a new repayment plan.
For additional information about the transition, visit:
The SAVE Plan Transition FAQ applies to all federal student loan borrowers, regardless of which loan servicer manages their loans.
PSLF Peace of Mind
The PSLF Peace of Mind program is provided in partnership with The Institute of Student Loan Advisors (TISLA), a non-profit organization dedicated to providing expert advice to student loan consumers, which will ensure you have the tools and resources to successfully pursue the PSLF Program.
The PSLF Program grants federal student loan borrowers loan balance forgiveness if they have worked for a qualifying employer such as BU for at least 10 years while making eligible loan payments. This means you are eligible to participate in the PSLF Program after making 120 on-time, monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.
As part of the PSLF Peace of Mind program, Boston University employees will have access to:
- A dedicated communications channel to receive one-on-one student loan counseling via phone and email.
- To book a phone call, click here.
- For counseling via email, please contact bu@freestudentloanadvice.org
- Reminders to submit all necessary PSLF and repayment plan documentation.
- Additional support from the Human Resources Service Center team, who will approve and process PSLF forms.
- PSLF Peace of Mind training modules that review PSFL eligibility and the application process.