RECEIVED MAY152024 BY.. Kachoy  ORIGINAL  Board ofCommissioners Agenda Item Transmittal Form Procurement/ContractTransmital Form  Type ofcontract: 1yearDl Multi-yearx Single Event D Contract #:  BOCApproval Date:  D Submission Information Contact Name: Kimberly Redd Department: Talent Management  Vendor Information Vendor Name: SAVI Solwh'ms PBC Address: 10321 15thStNW Washington, DC: 20005 Email: aron@bysavl.com  Project' Title: Publicl Promise Insurance Program by #282  SAVI  1S0-51370906 la Address:  Funding Account Number:  Contract amount: $70.00 per enrollee Contract' Type: Goods0) Services (x) Labor0) Contract. Action: New (x) Renewal0 Change Order0) Original Contract Number: N/A  Phone #: 914-715-3140 Contact: Aaron Smith Term of contract: 2 YEARS  6h34-5/3126  Finance Director Signature Ihave reviewed the attached contract, and the amounti is approved jorp processing, ts ZKazhes E Summary of Contract  Procurement: Manager's Signature Ihave reviewed the: attached contract, andi itisi in compliance with Purchasing Policies of! Rockdale County.  5.16-2024 Signature: 1  Date: y  AGL  51424  ThePublic Promise Insurance program, aims to aid Rockdale employees inj navigating student loan forgiveness The productanalyzes Oyer 1507 federal, and state student loan programs to determine what benefits-and programs might be  through education and advocacy.  availablet to borrowèrs and then automates the paperwork required to apply  DepartyentHea/eded Official Signature: Chelpidd  Date:  Slsat  2094-274    savi  Savi Solutions PBC ("Partner") 1032 15hSt.NW, #282 Washington, DC20005 December. 3, 2023 Re: Savi Proprietary Product To Whom It May Concern:  Savi is a unique and proprietary student loan benefit platform available only through Savi Solutions PBC. Savi was founded and created by student loan policy experts with over a decade of experience at the highest levels of higher education policy, law, and regulation. Savi was formed tol help student loan borrowers navigate an: incredibly complex and antiquated system. Int the words ofTime magazine: "The federal student loan world is confusing, bureaucratic, and requires almost superhuman attention to the vagaries of the fine print. Which is why two entrepreneurs, Tobin Van Ostern, and. Aaron Smith, have: stepped up."The Savi product features a unique algorithm that analyzes over 150+ federal and: state student loan programs to determine what benefits and programs might be available to borrowers and then automates the paperwork required to apply. The Savi technology is proprietary and protected, with a variety ofIP, copyright, exclusivity, and confidentiality legal protections that make Savi unique in Savi is nationally recognized as an innovator in serving student loan borrowers and employers with their student loan benefit product.. According to the former Secretary ofl Education, Arne Duncan, Savi is addressing a critical information gapi for millions of student loan borrowers. I'm excited abont their innovative model and look forward to their continued growth." Savi combines a comprehensive set of product features and offerings that are simply not available to employers outside of Savi. Savi features the only comprehensive Public Service Loan Forgiveness ("PSLF") technology management platform for employers. Employers can track, manage, and sign all their PSLF forms from their employer's] HR dashboard. Employer HR and leadership can track thej program's success, the amount ofi forgiveness and savings generated for employees, and keep track ofi necessary filings from the Savi platform. Savi even offers integration with major employment verification services to streamline the PSLF employer process further. Nothing available on the market combines these critical features for As ai result of Savi's unique PSLF offering, Savi works with many of thel largest and most prestigious public sector employers ini the entire country, including counties, state and other local governments at all levels, largel hospitals, leading non-profits, and over 100 universities. Savi has already helped consumers find $3B ins student loan forgiveness to date andi is committed tol helping all oft the 45M+ borrowers find  the market.  public sector employers.  the benefits they are entitled to by sharing its unique and proprietary platform.  Sincerely, BS  Aaron Smith, Co-Founder of Partner    Public Promise Insurance Powered by ENACO.  BI    Student Loan Forgiveness  4M+  $37k  66%  Americans are eligible for student loan forgiveness  Average student debt balance in 2023  Increase in US student debt avg balance in the last 10 yrs  3.5  150+  36  Avg number of loan providers per borrower  Income based loan payment reduction programs available  Paused/Unmade payments during COVID forbearance can count towards PSLF    Key Forgiveness Programs  PSLF  IDR  Public Student Loan Forgiveness  Income Driven Repayment 150H potential progamsaVAlable  Created in 2007 College Cost Reduction Act  Based on employment Public Sector or Non-Profit  Basedonthconmeand Varies byprogram  Requires employer to verilyemployment  EmPLyenVAtIeADPY, evervyear  Forgives loan balance after 120 qualified payments  owersemployge monthy.payment    Employee Savings Example  Employee - $30,000 student loan, 10yr term, 5% interest  28 years old, Single, No Children Annual Income - $55,000 361 months of COVID forebearance  Benefit  Standard Direct Loan  SAVE-IDR + PSLF Forgiveness  TotalDue LifeofLoan Monthly Payment Balanceforgiven after20 payments  PSLF Gredit COVD forebearance Employee Total Payment Emplovee Savings  $38,160 $318  $38,160 $185 ($15,960) ($6,660) $15,540 ($22,620)  $38,160    Savi Partnership  Founded 2017  Currently working with 500+ US employers  Identified $2B of student loan forgiveness since inception Connected with the majority of student loan vendors Discount for US counties through NACO-PPI partnership Averages employee savings - $156/month or $28,308 lifetime Focused on helping employers get this benefit in the hands of  their employees  Public Promise Insurance Poweredh by ANACe  savi  -    Simplifying the process...  Public Promise Insurance Rowedby:lde savi  Standard Process  Employee awareness - ALL forgiveness options Applications pre-filled and available via docusign  X)  C C V V  Easy employer verification process Tracking dashboard for applications Annual re-certifications completed Employee retention through PSLF    Program Options  Basic  Essential C C V V G  Pro V  Loan forgiveness calculator  Scan of150+ eligible forgiveness options  Online  application supportand processing  V  Employee application tracking dashboard Employer online verify with dashboard Unlimited loan concierge access Annual Cost - Per Registered Member  V  X FREE!  $70  $150  (Significantly Discounted)    County Options  Benefit Website  Voluntary Benefit PPI-Savi Website Yes No No No No No County Cost Employee covers Essential or Pro, ifthey need the service.  County Paid Custom County Website  Employee Form Support EmplcyerTFAckI8 Dashboardi Employerlackng Dashboard Auto-send employer verficationforms: ContraceNeeded County Annual Cost  Yes Yes Yes Yes Yes  Employee Sends to Employer  Essential-$ $70 per user Pro-$150 per user Loan Calculator- No cost    Program Contacts  Interested in putting this tool in the hands of your employees?  We would love to have a conversation with you and your team!  www.publicpromiseinsurance.org/studentdebt  OR  Tim Brown 713-820-0909 IBrownenaco.org    Rockdale County, GA SAVI PROPOSAL  SAVIDETAILS Savi Platform Description  The Savi Platform offered by SAVI is a unique tool to help student loan borrowers better understand their debt, optimize their repayment options, and enroll ini thel best plan fort their financial needs. Client may offer the Savi Platform as a) powerful student loan benefit, including our optimization tools, full enrollment and monitoring features, and ongoing access to student loan experts and support. The Savi Platform can complement other student loan benefits, such as refinancing or direct payment programs, and can easily integrate into al broader financial wellness program. When using the Savi Platform al User may choose between al DIY account, an Essential account, or Pro account. The "DIY" account will provide access to the Savi Platform's optimization tools and student loan education content thati is made available without charge to all Users. The "Essential" account will provide the features of the DIY account as well as full enrollment features, ongoing loan monitoring and full-time support team. Finally, the "Pro" account will include all DIY and Essential featuresa as well as 1-1 access to an expert who can speak atl length to overall financial wellness  and goals related to student loan debt. Rockdale County, GA June 1,2024 May 31, 2026  "Client" Name "Start Date" "End Date" Term  25 Years. Thej parties agree that the Agreement: shall auto-renew: at the end oft the then- currentterm, and annuallyt thereafter on the anniversary of such date, ine each case for ao one-year period, unless either party notifies the other party at least 30 days in advance ofsuch: renewal thatitdesires the Agreement to expire at the end ofthe then- Roddat-Counybysaricom and provide to Client SAVI's standard promotional materials that will be co-branded by SAVIand may be used by Client in its reasonable  current term.  implementation Co-Branded Domain: SAVI shall create a Client microsite at the domain  Co-branded Microsite  discretion to distribute to potential Users.  implementation The parties shall cooperate, with SAVI taking the lead, to develop and implement a Marketing & marketingando communications strategy for potential Users using materials prepared Communication by SAVI and approved by Clienti toj promote the Savil Platform to potential Users int the  month or two following the availability of the microsite(s). SAVI may refer your potential Users to the Client microsite using a targeted online campaign, such as through the LinkedIn platform. SAVI may run targeted product and user tests from time to time to improve the value of the service and user experience. After such implementation, such materials may be used by Client to promote thel benefits oft the Savi Platform to new potential Users. Additionally, SAVI shall provide during the  implementation process:  Acustom communications package  Free, unlimited user access to regular Savi workshops (online)    The Customer hereby appoints the following individual(s) as the point-of-contact: for all coordination and approvals regarding the marketing and communications  activities contemplated above. Name: Kimberly Redd  Email Address: Kimberyreaderocklalecountygagoy  Telephone Number: 770-278-7570 above and approval of all press releases. Platform using the co-branded domain.  Scope of Responsibility: All marketing and communications activities contemplated Authorized "Users" under this Agreement are any of Client's employees or members, in each case who have taken all the steps required to open an account on the Savi  Definition of Users  Implementation Waived Fee Annual Fee Number of Users Essential: and Pro Service Please Indicate  Waived NA  Per User Fee for For each User that receives either an Essential or Pro versions oft the Savi Platform,  Client shall pay the following amount per User. Such fees shalll bei invoiced quarterly based on elections of such accounts by Users in the prior quarter and shall be due  within 30 days oft the date of suchi invoice.  chosen option Essential account willl bel billedatther discounted rateofs70/alerdatyean  Each such User account shall be for the calendar yeari in which such account was opened. Any renewal for a subsequent calendar year will be att the option ofs such User. Such accounts shall not terminate as al result oft the expiration ori termination ofthis Agreementi ifo occurring mid-calendar year. An Essential or Pro account is non- transferable and may only be used by only one User. After thel Initial' Term SAVI retains the right to change or increase the Essential or Pro account fee from year to SAVIS shall provide upt to 5 Admin. Licenses to the Customer forareal-time dashboard  year. including:  Reports  Total premium users Total registered users Total debt managed Avg. projected forgiveness Avg. projected savings Total projected forgiveness  Additional Terms  N/A  Legal Notice Information    Aclent Stateof Incorporationor Oryanization Notice Recipient Email Address  Rockdale County BOC "SAVI"  Savi Solutions PBC Delaware Aaron Smith aaron@bysavi.com 10321 15thStNW #282 Washington, DC 20005  Georgia  State of Incorporation or Organization Name Email Address  By signing below, SAVI and the Client identified above agree to the terms of this Proposal and the attached SAVI Platform Terms and Conditions, which together with this Proposal constitutes the  "Agreement" between thej parties.  CLIENT  Rockdale County, Georgia  SAVI g  n /By: Katie Moguy Title: ChiefofStaff Date: 5/23/2024  By: Osborn Nesbitt, SR. Title: Chairman Date:  ATTEST:  Jennifer O. Rutledge, County Clerk  Approvad ast tofor  M. Qader A. Baig, County Attomey