10 Considerations when Planning College Debt Repayment

Jul 29, 2019 | College Planning

Most high school students don’t think about student debt when they’re thinking about colleges. They likely think about what college will be like, where they want to go, what dorm they want to stay in, what they’ll go to school for, and of course, how much fun it will...

Federal Student Loan Interest Rates Dropping for 2019–2020 School Year

May 8, 2019 | College Planning

Interest rates for federal loans taken out on or after July 1, 2019 will have a significantly lower interest rate than last year. This is the first decrease in three years. The new fixed rates will be as follows: Loan Type2018-2019 Rate2019-2020...

Parents Are Sacrificing Retirement to Send Their Kids to College

Feb 18, 2019 | College Planning

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...

Peer-to-Peer Lending Becoming Form of Financial Aid

Oct 8, 2018 | College Planning, Student Loan Repayment Assistance

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...

PLUS Loans – How Ion Helps Parents and Grad Students

Mar 5, 2018 | College Planning, Student Loan Repayment Assistance

Direct PLUS loans are federal, unsubsidized student loans for graduate/professional students and parents of undergraduate students. Grad students and parents can apply for PLUS loans through FAFSA and can potentially receive enough financial assistance to cover the...

Financial Aid Options Beyond FAFSA

Sep 18, 2017 | College Planning

Nearly 20 million students borrowed billions of dollars to pay for college through FAFSA last year. However, FAFSA doesn’t always cover all higher education expenses and many families find themselves financially strained during the school year. For those whose...