Blog.

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...

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...

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...

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...