How is your business helping to solve the health, social, or economic challenges created by COVID19?
Savi created a free tool for borrowers affected by the COVID-19 health crisis --that have lost their job or are struggling to make their student loan payment-- that can reduce or eliminate payments for up to 12 months using a federal income-driven repayment program. While normally a challenging process, this tool checks eligibility & files all the paperwork for a borrower.
Does your business contribute most to recovery, response, or resilience?
Response - we're responding directly to issues caused or exacerbated by the COVID-19 outbreak.
What is the stage of your product development?
I have a market ready product/service. I have sold to customers.
What strengths does your team bring? Include skills and personal experience with the problem.
Savi was founded by Aaron Smith and Tobin Van Ostern, who are longtime student loan experts and policy advocates, while dealing with student debt themselves. They have brought intimate knowledge of the student loan space into developing the solution, Savi, that is a loan borrower's trusted student loan partner. The Savi team is diverse in background, demographic, and experience that speaks to and represents the diversity of America's 46 million loan borrowers. Savi also has an in-house engineering team and policy team.
What countries do you operate in?
United States
Is your company headquartered in a US "Opportunity Zone"?
No
