Fidelity partners with a student loan advisory firm to simplify applying for loan forgiveness

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PROVIDENCE — Fidelity Investments Inc. has partnered with Summer, a New York-based counseling platform, for student borrowers to make it easier for loan holders to apply for public service loan forgiveness, according to a news release. .

The partnership between Fidelity and Summer revolves around creating an automated software platform that replaces the manual, paper-based application for student loan forgiveness. New tool, available to nonprofit and public sector employees with student loan debt, includes access to technology and expert support to help verify eligibility and apply for loan forgiveness student. The whole process can be completed online in minutes, according to the statement.

Eligible public service employees who can use this new online platform include those who have made at least 120 qualifying monthly payments on their student loans while working for a qualified employer.

Nancy Lavin is a staff writer for PBN. You can reach her at [email protected]

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