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Aug
20
Student Loan Statistics
Student Loan Statistics

Millions of Americans have taken out student loans to afford college for themselves or their dependents. National statistics reveal how student loans became a crippling economic concern. Employers have an opportunity to offer a student loan repayment benefit that can mitigate the American student debt crisis — as well improve…

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Aug
17
Your FAFSA Process Just Got Easier
Apply and Track FAFSA on Your Phone
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The Department of Education recently released an app for students to submit their Free Application for Federal Student Aid, or FAFSA. A beta version of the app, called My Student Aid, went live earlier this week. It is expected to be fully functional by October 1, just in time for…

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Aug
13
why offer student loan assistance?
5 Reasons to Offer Student Loan Assistance

There’s a common misconception that voluntary benefits are expensive and difficult to manage. Many employers wonder why they would add strain to their budget and human resources beyond health insurance and paid time off. IonTuition recognizes that many businesses have trepidation about implementing a new benefit. There are a number…

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Aug
6
Why Provide Amazing Benefits?

Student loan assistance is an amazing benefit. Offering this benefit along with other popular offerings can have dramatic impact on your company’s reputation, morale, and productivity. Reason #1: Workers tend to care more about benefits Glassdoor reported that 4 in 5 workers preferred benefits or employee perks over a pay…

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Jul
30
Subsidized Student Loans vs. Unsubsidized Student Loans

Most federal student loan borrowers receive both subsidized student loans and unsubsidized loans. What is the difference? Subsidized student loans have an advantage over unsubsidized student loans because they do not accrue interest while the borrower is still in school. What does “subsidized” mean? The Department of Education pays the…

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Jul
23
World Student Loan Debt
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More and more of the modern world economy is being driven by financial services, technology, and manufacturing than ever before. The champions of these markets often hold an advanced degree, stimulating demand for a college education. College education varies from country to country, as does each government’s higher education lending…

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Jul
16
what are the best employee benefits
Best Benefits That Employers Offer
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Individuals working over 40 hours per week deserve to have a job that they love. People often consider their job perks to be the reason why they love their job, and research suggests employee benefits may be more valuable to workers than their salary. Employee perks programs are expanding as services…

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Jul
9
how do student loans affect your credit score
Student Loans Affect Your Credit Score

A credit score is a measurement of a person’s trustworthiness to repay their debts. Scores range from 300 (very poor) to 850 (excellent). A person with a high credit score has a history of on-time payments, a reliable income, and a relatively low amount of existing debt. Establishing a good…

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Jul
2
Who makes a good cosigner on a private student loan
Is a Cosigner Required for a Private Student Loan?

Student loans are an interesting source of credit-based borrowing considering the majority of student loan holders have little or no credit history. Federal student loans (except for PLUS loans) do not require a credit check and will actually help borrowers build a positive credit history. Federal student loans also do…

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Jun
25
Are You Offering the Right Voluntary Benefits
5 Voluntary Benefit Misconceptions
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Voluntary benefits such as health insurance, dental plans, and 401(k)’s have been around for many years now. Most companies offer benefits as an incentive to recruit and retain talent. As the job market tightens, companies have begun offering additional voluntary benefits as a way to stand out and appeal to…

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Jun
18
Will Bankruptcy Clear Your Student Loans?
Does Bankruptcy Clear Your Student Loans?

It’s a common notion that bankruptcy won’t clear student loan debt, however there are some states relaxing that stance and even rumors that lawmakers will make it easier to discharge student loans in bankruptcy. In fact, some bankruptcy lawyers argue that the legal code surrounding bankruptcy and student loans is…

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Jun
11
student loan forgiveness: myth or reality?
How to Qualify for Student Loan Forgiveness

Remember the old saying, “if something seems too good to be true, it probably is.” Keep that in mind when seeking student loan forgiveness. While there are paths to loan forgiveness, they often take many years and contain very specific qualifications. What does student loan forgiveness mean? Whether you’re looking…

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Jun
4
Student Loan Benefits are Becoming More Common

About 44 million borrowers now owe $1.5 trillion in student loan debt, more than doubling since 2006. This remarkable increase is a current a crisis for many workers and an opportunity for benefits brokers to offer a offer a new voluntary benefit. Student loan assistance is that benefit. With low…

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May
28
Are Student Loans Delaying Your Financial Milestones?
Student Loans Are Delaying Life’s Milestones

Millennials Are Delaying Home Buying Because of their Student Loans A study last October by the National Association of Realtors and the American Student Assistance agency found that millennials are delaying home buying by approximately seven years. Millennials carry an average student loan debt of approximately $30,000, which is close…

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May
21
The Fastest Growing Segment of the Workforce are Americans Over the Age of 65
Student Loan Benefits Can Help Older Americans, Too

There are More Older Americans in the Workforce The traditional retirement age is no longer 65. According to the Bureau of Labor Statistics, the fastest-growing age segment in the workforce are Americans 65 years or older. The number of Americans over 65 that are not retiring increased nearly 35 percent between…

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May
14
How Long Can you Postpone your Student Loan Payments?

Under certain conditions, you may be able to postpone your student loan payments for up to 3 years. However, in most instances where you qualify for deferment or forbearance, you’ll receive temporary relief for up to 6 months with the option to reapply. How to Postpone Your Student Loan Payments…

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May
10
Federal Student Loan Interest Rates Jump for 2018-19
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Interest rates for federal loans taken out on or after July 1, 2018 will have a significantly higher interest rate than last year. The new fixed rates will be as follows: Loan Type 2017-18 Rate 2018-19 Rate Undergraduate Stafford 4.45% 5.045% Graduate Stafford 6.00% 6.595% Parent PLUS 7.00% 7.595% Graduate…

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May
7
lower your student loan payment
How to Lower Your Student Loan Payment

Lower Your Student Loan Payment Good morning. Can you please assist me with how to get a lower student loan payment or putting them on hold? -Felicia Absolutely, Felicia! There are several ways to lower your student loan payment. One of the options we help borrowers into is called income-driven…

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May
2
IonTuition: Winner at 2018 American Business Awards®

IonTuition’s website has won a Stevie® in the “Financial Services” category at the 2018 American Business Awards! More than 3,700 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Startup of the Year, Executive of the…

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Apr
30
what happens to your student loans if you die
Who Pays Your Student Loans if You Die?

60 percent of student loan debt holders are expected to pay off their debt in their 40s. With deferments, extended repayment plans, graduate loans, and Parent PLUS loans there are millions of borrowers carrying their loans into their 60s and beyond. While sad, some borrowers die without fully repaying their…

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