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FACHEX is the acronym for Faculty Children Exchange Program,. It is sponsored by the Association of Jesuit Colleges and Universities. At Le Moyne College, all full-time faculty, administrators, and staff who have been employed for at least one year at Le Moyne college are eligible to apply for this benefit for their dependent children. Generally, anybody eligible for the full Le Moyne College Employee Tuition Remission benefits would be allowed to apply.
For details on the tuition remission, Tuition Exchange, and FACHEX benefits, please refer to the tuition benefits policy located in the employee handbook.
Tuition Remission, Tuition Exchange, and FACHEX presentation
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As an employee of Le Moyne College you and your family members have access to a financial wellness benefit, brought to you by TIAA and provided by Savi, that helps you navigate the complexities of the Public Student Loan Forgiveness (PSLF) program. Public Service Loan Forgiveness (PSLF) is a federal program that can provide financial relief to eligible borrowers by forgiving the balance of your loan tax free after 120 qualifying payments. Eligibility is based on these and several other factors, including income, debt amount, number of dependents and other personal information.
Savi provides a free assessment to help you find the best repayment plans to reduce your monthly payments and search more than 150 state and federal forgiveness programs based on your financial situation.
If you decide to enroll in the PSLF program, you’ll need to complete the proper paperwork and meet several ongoing requirements to receive the full benefits. While managing all of the required steps can be challenging for borrowers, Savi offers a service to help you enroll and remain compliant with all of the program rules. For $60 per year, the Savi Essential service covers:
• Generating all forms electronically and checking them prior to submission
• Tracking applications and forms with loan servicers and employers
• Providing payment and application filing reminders to ensure important deadlines are met
• Tracking the accrual of PSLF credits throughout the process to prevent surprises at the end of the repayment period
For more information, see the attached flyers and webinar information.
To calculate your savings, visit TIAA.org/lemoyne/student. If you have any questions, feel free to call Savi at 1-833-945-0654.
SAVI Webinar
SAVI Quick Guide
SAVI Flyer
The Tuition Exchange (TE) provides a national scholarship exchange program for dependent children of full-time faculty and staff among its members of approximately 450 colleges and universities.
The Tuition Exchange Program provides the opportunity for eligible dependent children to receive undergraduate scholarships at one of the member institutions (hereafter referred to as the host institution.) In exchange, dependent children of employees of other colleges and universities may attend Le Moyne College. Colleges and universities participating in this program have agreed to remit tuition for participants from other member institution. The primary obligation of a member institution is to maintain a balanced exchange pattern, a reasonable match between students "exports" and student "imports". The TE Program is a scholarship program, not a fringe benefit provided by Le Moyne College, the sponsor institution: www.tuitionexchange.org
For details on the tuition remission, Tuition Exchange, and FACHEX benefits, please refer to the tuition benefits policy located in the employee handbook.
Tuition Remission, Tuition Exchange, and FACHEX presentation GMT20231013-170130_Recording_1920x1080 (1).mp4
For details on the tuition remission, Tuition Exchange, and FACHEX benefits, please refer to the tuition benefits policy located in the employee handbook.
Tuition Remission, Tuition Exchange, and FACHEX presentation GMT20231013-170130_Recording_1920x1080 (1).mp4
Forms:
Process:
- Complete the appropriate forms: Tuition Remission Form and registration form. If non-matriculated, please also register online here.
- Bring BOTH forms to the Office of Human Resources (GH 209C) for review and approval prior to the start of the semester.
- HR will continue the process from there - bringing to the appropriate office for registration, then to the Financial Aid for tuition remission to be applied.
*Please note if your forms are not submitted prior to the start of the semester you are taking courses, you may not be eligible for the tuition remission benefit.
Syracuse University Tuition Credits
- Syracuse University tuition credits may be available for full-time employees on a limited basis. These credits are not guaranteed and are evaluated each semester. For more information, please reach out to the Human Resources Office at [email protected].