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Oct
15
This Overpayment Mistake Cost One Borrower Over $1,000
Avoid this Overpayment Mistake

This week’s blog post was written with permission about one of our Family Access users. Remember, IonTuition users can grant free accounts to family members.  Anne is a Typical Student Loan Borrower Anne is an elementary school teacher with over $10,000 in federal and private student loans. She’s currently on…

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Oct
8
Can you fund a college education through peer-to-peer lending?
Peer-to-Peer Lending Becoming Form of Financial Aid

College tuition has increased 163% since 1988. More American parents are saving for college than ever before. Yet, if tuition costs continue to rise at their current rate, most families will only have enough savings to cover 29% of college costs by freshman year. On average, student loans cover about…

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Oct
1
What Voluntary Benefits Can Small Businesses Offer?
5 Job Perks Small Businesses Can Afford

Offering elaborate perks such as catered meals, on-site massages, and yoga classes have become expected benefits at large, high profile corporations. Meanwhile, millions of small and midsize companies continue to seek reasonable small business perks conducive to organizations with only a handful of employees. There is an indirect relationship between…

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Sep
25
Register for Our Webinar
Free Webinar: “Student Loan Benefits: The Work Perk Your Employees Want”

Employers are more aware of workers facing financial stress over their student loan repayment. Traditional voluntary benefits intended to help employees manage their finances, such as 401(k) plans, are becoming less effective. Workers across the country are asking for benefits that better fit their needs, such as student loan repayment.…

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Sep
24
Can you Trust College Rankings?
How Do You Compare Colleges?

Forbes and Time Money recently released their college rankings lists for this year. Each publisher has a different methodology for deciding which schools to include and how they are ranked. Both Forbes and Time Money filtered 5,000+ colleges in America down to around 700 by looking at only “public or private nonprofit colleges…

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Sep
17
An Employer Has Opened the Door for Tax-Free Student Loan Benefits
IRS Rule Ties Student Loan Benefits to 401(k)

Last month, an employer organization received a private letter ruling (PLR) from the IRS clearing the way for student loan benefits to be tied to a 401(k) plan. The organization asked for a tax-exempt 5% 401(k) match to employees who contribute at least 2% of their pay towards student loan debt.…

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Sep
10
Download the 2018-2019 Standards for Student Loan Guidance & Contribution Programs
New Standards for Student Loan Benefit Programs

Student Loan Guidance & Contribution (SLGC) programs have become the hot benefit for attracting and retaining college-educated talent. With numerous companies offering various versions of SLGC,  it’s hard to know what should be included in your benefits. A voluntary benefit should show a return on investment in the form of recruiting and retaining employees. In…

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Sep
4
How to Implement a Student Loan Benefit

After deciding to offer a student loan benefit, the last thing you want to deal with is a confusing implementation process. Implementing a student loan benefit should require minimal effort. Payment Purchasing is the first step in the implementation process. You’ll need to provide payment before moving forward. The best…

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Aug
27
Should You Invest or Pay Down Student Debt?

When you’re in the desirable situation of having a extra money in your monthly budget, what do you do with those additional funds? Save it? Use it to pay down student debt? Invest it? It’s not always an obvious decision. If you save it, then your money isn’t working for…

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Aug
22
Download our Annual Student Loan Survey Report
Demand for Student Loan Assistance Grows

Our latest survey report shows strong desire for student loan repayment options over traditional employee benefits and trending voluntary benefits alike There are nearly 44 million Americans bearing over $1.5 trillion in student loan debt. IonTuition, the leading provider of student loan management resources for employers, brokers, and universities, explores…

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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
Category:

As a component of FSA’s Next Generation (Next Gen) Financial Services Environment, 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…

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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
Category:

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
Category:

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
Category:

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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