Frequently Asked Questions
Hey there! Feeling the weight of student loans? You're definitely not alone. We know navigating student debt can feel overwhelming, and that's why Oakland County put together this Student Debt Relief Program. To help you understand how it works and if it might be a good fit for you, we've gathered some of the most common questions we receive. Take a look through these FAQs—you might just find the answers you're looking for to start your journey toward a more financially secure future. Let's dive in!
The program is open to any Oakland County resident and any part-time or full-time Oakland County government employee.
If your children and spouse live in Oakland County, they are eligible to register for the Savi program.
Yes! All employees, part-time and full-time, are eligible to have the Savi registration fee waived for one year, if they register between Sept. 30, 2024, and Sept. 30, 2025.
Oakland County Board of Commissioners have allocated up to $500,000 for the program, so registration will be free to eligible participants for one year.
No. Savi gives registered users access to a portal that provides guidance and assistance in finding new repayment or loan forgiveness options. Savi users save on average, $187per month or $2,244 a year.
If a parent takes out a parent PLUS loan, the parent who is the loan holder should sign up for Savi.
Oakland County residents and government employees have FREE access to Savi’s “Essential” program. Thanks to the partnership, people who register between Sept. 30, 2024-Sept. 30, 2025, can take advantage of all the benefits of that tier, including support from Savi staff. This job aid provides screenshots and detailed instructions on how to register. Savi also offers a free DIY tier for borrowers. And a paid concierge-style service, which is not part of the Oakland County program.
Online registration takes 10 minutes to complete.
It depends on the person, but an average forgiveness amount is $38,980 for qualifying borrowers.
Participants will have to pay the fee, which is about $70 per person.
Applying is easy. We’ve created a job aid that walks you through each step.
Yes, as part of Savi Pro, which anyone signed up under Oakland County now has access to, you can schedule a virtual one-on-one session with a student loan expert. These are great opportunities to:
- Discuss your personal student loan situation
- Review your current savings and forgiveness options
- Receive application support
Get started today and schedule your first Savi Pro session here!