IonTuition, a leading provider of student loan repayment assistance to over 2 million students and employees nationwide, is announcing several changes that will impact our stakeholders:
Relaunching IonLEARN – Financial Wellness
In the upcoming weeks, ION will be relaunching its financial wellness platform – IonLEARN, offering curated content every 15 days with videos, quizzes, games, and posts covering a wide range of financial topics, from car purchases to student loans, 401K planning, and credit scores.
Introducing CoverU – Fill your Workforce Talent Pipeline
ION introduces CoverU as part of our services to employers, connecting over 1 million current students and alumni from our college and university clients to employers in over 250 programs, helping employers plan and fill their talent pipelines while expanding employment opportunities for graduates.
ION Exits Employer Contribution Processing ONLY
IonTuition will no longer provide employer contribution processing (IonPay) to Federal Loan Servicers but will continue to assist employees in selecting the best repayment plan aligned with Federal Loan forgiveness and cancellation programs under new rules by the US Department of Education. We anticipate a significant reduction in the need for SECURE 2.0 provisions with potential partial Loan Forgiveness. Employers currently on IonPay will be transitioned smoothly to other servicers.
IonTuition retains all employer benefits for clients without a student loan contribution program.
