IonTuition surveyed 2,712 employed adults who had dealt with student loan borrowing and repayment to learn more about what kind of student loan assistance options would be most effective for them.
We found that:
- More than 50 percent (51.3%) of respondents don’t recall receiving counseling
- Nearly 60 percent (59.6%) of those who report feeling unprepared to pay back their loans are also unaware of their payment options
- 14 percent of respondents don’t know their credit score and a fifth (19.2%) of those aren’t sure whether their score is likely good or bad
As businesses look to help employees with their student loan debt, they should consider the variety of assistance programs available. There are options for employers who find refinance programs too restrictive or contribution payments prohibitive. With IonTuition, we’ve built a platform that puts repayment optimization in any employee’s grasp, with or without employer-provided payments.
-Balaji “Raj” Rajan, CEO of IonTuition