Blog.
5 Ways Companies are Modernizing Benefits Programs
Employee benefits programs are changing. Last year, the nonprofit International Foundation of Employee Benefit Plans (IFEBP) released a survey finding that 49 percent of employees don't understand their provided benefits, and 31 percent didn't perceive any value in...
How Does Revised Pay As You Earn (REPAYE) Work?
To learn more about income-driven repayment programs and to find out if you qualify for a REPAYE plan, visit the repayment calculators under IonManage on your IonTuition account! Sign in or sign up today!
Millennials Prefer Student Loan Benefits in 2017
Student Debt: A Growing Problem for All Employees 2017 Report Since 2015, student loan borrowing has increased with nearly 4 million additional students and parents taking out loans. We conducted surveys polling over 1,000 student loan borrowers each in 2015 and 2017....
Differences Between Income Driven Repayment Plans
The Consumer Financial Protection Bureau (CFPB) recently reported that 90% of the highest risk student loan borrowers were not enrolled in an affordable repayment plan. Millions of federal student loan borrowers can lower their monthly payments by enrolling in an...
Will You and Your Employer Qualify For Public Service Loan Forgiveness?
According to the CFPB, about 25 percent of America's workforce may qualify for Public Service Loan Forgiveness. Both employers and employees have to meet the qualifications for Public Service Loan Forgiveness. You can fill out an Employment Certification Form to see...
Student Debt’s Impact on Generation X
Student Debt Today Borrowers between 18 and 35 hold about 65 percent of all student debt. The fastest growing population of student borrowers are over 60, but make up only 5% of all student loan borrowers. The generation after the Millennials with the most student...
How good is your student loan benefit program?
Student loan debt is estimated at over $1.4 trillion between 44 million Americans. This burden has made employer-provided student loan benefit packages more popular. Companies using student loan benefit programs have had great results attracting and retaining talent....
Be Smart When Considering Refinancing Options
Student loan refinancing offers seem to be everywhere. For someone with troublesome student loan debt, refinancing can be tempting. Advertisements generally claim to offer lower interest rates and lower monthly payments, and who doesn’t want that? Refinancing federal...
Financial Wellness Programs Relieve Employee Stress
Reducing Financial Stress Increases Employee Productivity According to a recent survey conducted by the International Foundation of Employee Benefit Plans, two-thirds of employers offer financial wellness programs to help their employees manage personal finances. Not...
The Real Cost of Employee Turnover
Understanding the Bottom Line It’s expensive to replace an employee. The Society for Human Resource Management (SHRM) estimates the average cost-per-hire at $4,129.1 From advertising job vacancies to researching candidates to coordinating interviews, the turnover...