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 relaunch its financial wellness platform – IonLEARN, as part of our services. Content is curated every 15 days with videos, quizzes, games, and posts covering everything from automobile purchases to student loans, 401K planning, and credit scores.
Introducing CoverU – Fill your Workforce Talent Pipeline
ION launches CoverU as part of services to employers. We can now connect over 1 million current students and alumni from our college and university clients to employers in over 250 programs.
Employers can now plan and fill their talent pipelines. Schools will be able to expand employment opportunities for their graduates.
ION Exits Employer Contribution Processing ONLY
IonTuition will no longer offer employer contribution processing (IonPay) to Federal Loan Servicers.
We will continue to assist employees with selecting the best repayment plan aligned with the appropriate Federal Loan forgiveness and cancellation programs under new rules implemented by the US Department of Education.
We also believe that even partial Loan Forgiveness, if implemented, will dramatically reduce the need to use SECURE 2.0 provisions.
For employers currently on IonPay, we are transitioning them and their participants in a streamlined fashion to other servicers.
IonTuition still provides the same employer benefits to clients without a student loan contribution program.