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6 Ways to Keep a Positive Attitude About Student Debt
Every single month the same bills roll around. You pay your rent, your utilities, and then the worst bill of all — your student loan payments. According to a Career Builder survey, 4 out of 5 U.S. workers live paycheck to paycheck. Not only are student loans...
Do Companies Even Want Millennials?
According to a Pew Research Center analysis, more than 35 percent of the American labor force participants are Millennial talent. This percentage makes Millennials the largest generation in the workforce currently. With so many Millennials as potential employees, it...
Best Practices For Repaying Student Debt
When it comes to student loan repayment, the sooner you can pay down your debt the better. This is particularly true for student loans with high interest rates. Here at IonTuition, we are passionate about offering the best practices for repayment. It is what inspired...
Student Loan Tax Tips For 2019
What could be a better combination than taxes and student loans? While these might be two of your least favorite topics, the reality is that they are critical components of your financial future. Tax season is one of the rare times of the year where your student loans...
Parents Are Sacrificing Retirement to Send Their Kids to College
A new report released by Guardian entitled, "College Debt in America: The Case for Tuition & Loan Repayment Benefits," found that 7 out of 10 parents plan to use a part of their retirement savings/investments to pay for their children's college education. Last year,...
African American Borrowers Struggle More with Repayment than Others
Apart from what we already reported on default rates, data going back to 2003 released by the U.S. Department of Education reveals that Black or African American borrowers owed more on their federal student loans in 2015 than they did when they initially borrowed....
All Types of People Default on Student Loans
Default happens when a borrower fails to repay his or her student loans according to the promissory note. For federal student loans, default occurs after 270 days without a payment. That's 9 consecutive months of skipping payments. Federal Student Loan Default Rates...
Companies Are Not Responsible for Repaying Employee Debt
There is More Consumer Debt Than Ever Before According to data from the Federal Reserve, non-mortgage related debt (credit card, auto loans, student loans, etc.) is growing at a rate of more than 7% annually to nearly $4 trillion. Americans are spending 10 percent of...
Is it Worth Retaining Your Employees?
Retaining your employees can be difficult. According to the Bureau of Labor Statistics, 38 million workers voluntarily quit their jobs in 2017. The number of quitting employees has increased each year since 2010. The impact on employers can be devastating, costing...
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...