Blog.
New Repayment Program Available for Health Care Workers
Health care professionals who treat drug addiction in shortage areas or in counties where the drug overdose rate is above average may qualify for repayment assistance from the Federal government. The Department of Health and Human Services (HHS) and is overseeing the...
What a Student Loan Benefit Isn’t
Every employee is in a different financial situation. Lower income employees can be financially stable, while top income-earners can be crippled with debt. Offering financial wellness benefits must relate to all types of employees, no matter their financial situation....
Most People Will Never Save Enough Money for College
Parents of a newborn who are curious about saving for your child's college education should consider the following: let's say the annual current cost of college is $25,000, college costs have an inflation rate of 4%, a college investment account returns 6%, and your...
CBO Recommends Ending Subsidized Loans, Loan Forgiveness
A recent report, Options for Reducing the Deficit: 2019 to 2028, released by the Congressional Budget Office (CBO) recommends cuts to the federal student loan program in order to balance the federal budget. The CBO's recommended options below could potentially take...
2018 Year in Review
As we look to the new year for more opportunities to expand our student loan benefit program, we must review our successes and failures of 2018 to adequately set predictions for the upcoming path around the Sun. As a company, IonTuition expanded staff over the year to...
Knowing the Difference between Consolidation and Refinancing Makes a Difference
It's easy to mistake the terms "consolidation" and "refinancing." It's understandable to believe that the only way to consolidate student loans is through refinancing. While refinancing does consolidate student loans, that doesn't mean that's the only method. What is...
Blame Millennials for Changes in the Workplace
Enter the phrase, "Millennials are ruining ..." into Google and allow the search engine to autofill an entry. What came up? Did, "Millennials are ruining the workplace" show up? There's a reason why that particular search term is so popular. Millennials have a strong...
You’re Wasting Money on Financial Wellness Benefits
Two years ago, we released a report surveying employers about financial wellness benefits. We found that employers feel there is room for improvement in the benefits they offer to their employees. Earlier this year, we surveyed employees and found that "71...
Should employers provide benefits to gig workers?
40 percent of the U.S. workforce is part of the gig economy Between 54 and 68 million Americans consider themselves an independent contractor, self-employed, temp, contract worker, outside consultant, freelance worker, temporary worker, or contingent worker. This...
8 Reasons Employees Default on Their Student Loans
Even full-time employees default on their student loan payments. It's expected that 2 out of 5 student loan borrowers will be under default in the next five years. According to a recent report by Brookings, income alone cannot predict who will default on their student...
Employers Are Helping with Student Debt
History of Economic Recessions The economic recessions of the 20th century are attributed to wars, oil/energy, and inflation. It has been about a decade since the last recession, and, historically, the time between recessions are less than 10 years. Many financial...
Employees Need Help with Student Loan Servicers
What is a Student Loan Servicer? If you hold federal student loans, you borrowed money from the U.S. Department of Education (ED) via their Federal Student Aid program. To handle the repayment of those loans, ED uses student loan servicers. Currently, there are 9...