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SAVE Plan Partially Blocked by Federal Court
SAVE Plan Partially Blocked by Federal Court

Two federal judges have temporarily blocked parts of the SAVE student loan income-driven repayment plan. The SAVE Plan, (Saving on a Valuable Education) replaced REPAYE and was planned to be fully rolled out in July. Borrowers on SAVE can lower their monthly payments...

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Federal Student Loan Interest Rates Rising
Federal Student Loan Interest Rates Rising

Federal Student Aid announced that Direct Loan Interest Rates for student loans disbursed for the 2024-2025 school year will increase from last year. Interest rates are determined annually and set for a 12-month period. Rates are determined by a formula tied to yields...

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Another Student Loan Forgiveness Deadline is Approaching
Another Student Loan Forgiveness Deadline is Approaching

The U.S. Department of Education will conduct a one-time adjustment for more than 3.6M Direct Loan borrowers this summer and give student loan borrowers at least three years of credit toward loan forgiveness. Some could see their entire balance forgiven automatically...

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Updates to IonTuition’s Employer Services
Updates to IonTuition’s Employer Services

IonTuition, the leader in providing student loan repayment assistance to over 2 million students and employees across the U.S. is making several changes that will impact our stakeholders: Relaunching IonLEARN  - Financial Wellness In the coming weeks, ION will...

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The Year Student Loan Repayment Never Started
The Year Student Loan Repayment Never Started

In November, the Education Department’s Under-Secretary, James Kvaal, reported that only 60 percent of the 28 million student loan borrowers who needed to make payments had made them. But this was on 22 million and not the entire 28 million borrowers. About 4 million...

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Student Loan Default Predictions
Student Loan Default Predictions

Artificial intelligence has a role in higher education, but it won't help analyze or predict which student loan borrowers will become delinquent or default. AI will not be able to predict actions colleges and universities can take to alleviate the issue. The...

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Shorter Time to Forgiveness for SAVE Plan
Shorter Time to Forgiveness for SAVE Plan

The Biden-Harris Administration announced it will grant forgiveness to borrowers on the Saving on a Valuable Education (SAVE) Plan beginning in February. Borrowers who originally took out $12,000 or less for college and make ten years of payments will have their debts...

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Student Loan Repayment Problems Continue for Borrowers
Student Loan Repayment Problems Continue for Borrowers

The three-year, COVID-era student loan payment pause officially ended in September. The first payments were due in October. Since then, borrowers have faced long hold times to connect to representatives at their federal student loan servicer, payment processing...

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