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...
Retirement Benefit Linked to Student Loans
Millennials Struggle to Save for Retirement In our recent financial survey, we found that 48% of respondents under the age of 40 have less than $5,000 saved for retirement, and 19% have no savings at all. At their current rate, they are unlikely to be able to retire...
Misled Borrowers May Be Eligible for Federal Loan Forgiveness
A New Forgiveness Rule Recently Went into Effect Borrowers who attended certain for-profit schools and felt they were misled through fraudulent lending practices can apply for federal student loan forgiveness based on “borrower defense (to repayment),”...
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...
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...