News
December 5, 2019Northern Rivers is Helping to Repay Their Employees’ Student Loan Debt
Northern Rivers Family of Services has announced the launch of a student loan repayment program for their employees. Northern Rivers has partnered with IonTuition, Inc., to help repay their employees’ student loan debt. IonTuition, a Ceannate Company, offers a complete suite of student loan repayment tools in addition to a monthly contribution program, including concierge student loan advising, free accounts for the Northern Rivers family members, unbiased refinancing, default & delinquency recovery services, and college research tools.
As a non-profit organization, Northern Rivers is committed to the financial wellness of their employees to retain quality talent. Many employees may be unable to contribute to their 401(k) plan due to high monthly student loan payments. Through IonTuition, employees can explore different ways to lower their student loan payments and receive monthly contributions applied to the loans of their choice.
“We understand employees may struggle with monthly student loan payments.” says Linda Daley, Chief Human Resource Officer at Northern Rivers. “IonTuition’s comprehensive approach to student loan repayment and intuitive contribution platform gives our employees and their families a tool to improve their financial well-being.”
Student loan benefits have been growing in popularity over the past couple of years. The national student loan debt is over $1.5 trillion, surpassing credit card and auto loan debt. Most employees admit to living paycheck-to-paycheck and state they are unable to reach many financial goals while actively repaying on their student loans.
Northern Rivers will make monthly contribution available to all of their 1,400 employees with applicable student loan debt. These contributions allow employees to repay their debt faster and save money on interest.
