Savi on Thursday announced its acquisition of Fiducius, an education benefits provider for employees.
It’s the first acquisition for the student loan provider, who has partnered with AARP, MetLife, NEA, and TIAA, among others, to help borrowers pay down college debt. Savi says the move will strengthen its ability to eventually reach more employees across the employer network, as changes under President Donald Trump’s One Big Beautiful Act limits repayment options for new borrowers. Those changes are expected to go into effect on July 1.
“In the past few years, we have seen various policy changes to the college financing landscape, making it increasingly difficult for employers and employees to navigate,” said Aaron Smith, co-founder of Savi. “With the Fiducius team onboard, we’re confident we’ll be able to provide great education benefits to even more employers.”
Fiducius, founded in 2011, provides employee benefits focused on education, including loan contributions, tuition reimbursement, retirement matching, parental college planning, and banking benefits. The company has worked primarily with organizations in the education and healthcare sectors to offer these benefits to employees.
The education benefits provider previously partnered with Candidly in April 2025 to incorporate tools for college savings and private student lending.
As of December 2025, Fiducius manages over $2 billion in student loan debt.
Jim Zedella, chief executive officer of Fiducius, will continue in his role as an advisor to Savi. “We’ve always admired Savi for the value it brings to its partners and clients,” he said. “Likewise, the Savi team brings a passion like no other to solving the student loan debt crisis while advancing higher education. The union in our organizations is so compelling for our team, partners, and valued clients. We’re beyond thrilled to be part of the Savi team to assist in driving its future growth.”
As part of the acquisition, Fiducius employees will join Savi.
Mergers and acquisition advisory firm martinwolf served as the acquisition advisor to Fiducius.