Blog.
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)," which went into...
Financial Stress Causing Lost Productivity
Study Finds Addressing Employee Financial Stress Yields Improved Productivity in the Workplace In the workplace, Millennials are frequently distracted by personal finances, according to a recent survey. We chronicled employees’ perspectives on financial stress in the...
Avoid this Overpayment Mistake
This week's blog post was written with permission about one of our Family Access users. Remember, IonTuition users can grant free accounts to family members. Anne is a Typical Student Loan Borrower Anne is an elementary school teacher with over $10,000 in federal and...
Peer-to-Peer Lending Becoming Form of Financial Aid
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...
5 Job Perks Small Businesses Can Afford
Offering elaborate perks such as catered meals, on-site massages, and yoga classes have become expected benefits at large, high profile corporations. Meanwhile, millions of small and midsize companies continue to seek reasonable small business perks conducive to...
How Do You Compare Colleges?
Forbes and Time Money recently released their college rankings lists for this year. Each publisher has a different methodology for deciding which schools to include and how they are ranked. Both Forbes and Time Money filtered 5,000+ colleges in America down to around...
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...
New Standards for Student Loan Benefit Programs
Student Loan Guidance & Contribution (SLGC) programs have become the hot benefit for attracting and retaining college-educated talent. With numerous companies offering various versions of SLGC, it's hard to know what should be included in your benefits. A...
How to Implement a Student Loan Benefit
After deciding to offer a student loan benefit, the last thing you want to deal with is a confusing implementation process. Implementing a student loan benefit should require minimal effort. Payment Purchasing is the first step in the implementation process. You'll...
Should You Invest or Pay Down Student Debt?
When you're in the desirable situation of having a extra money in your monthly budget, what do you do with those additional funds? Save it? Use it to pay down student debt? Invest it? It's not always an obvious decision. If you save it, then your money isn't working...