IonTuition

Funny!!!

Join Brent Givens and John Kolakowski next week as they cover the latest in the #studentloan repayment chaos including the legal challenges to the SAVE plan and the upcoming end to the on-ramp https://lnkd.in/gXh9zVPr

#studentloan borrowers have been through a lot over the last few years. We're proud to have been able to help them through the chaos.

U.S. Department of Education Secretary Miguel Cardona today released the following statement about the 8th Circuit Court of Appeals' ruling on the Biden-Harris Administration’s Saving on a Valuable Education (SAVE) Plan: “Borrowers enrolled in the SAVE Plan will be placed in an interest-free forbearance while our Administration continues to vigorously defend the SAVE Plan in court. The Department will be providing regular updates to borrowers affected by these rulings in the coming days. https://lnkd.in/g7U_AJ5x

The court issued a one-line order on the appeal against the lawsuit trying to stop the SAVE plan: "Appellants’ emergency motion for an administrative stay prohibiting the appellees from implementing or acting pursuant to the Final Rule until this Court rules on the appellants’ motion for an injunction pending appeal is granted." U.S. Department of Education issued this reply... “We are assessing the impacts of this ruling and will be in touch directly with borrowers with any impacts that affect them. Our Administration will continue to aggressively defend the SAVE Plan – which has been helping over 8 million borrowers access lower monthly payments, including 4.5 million borrowers who have had a zero dollar payment each month. And, we won’t stop fighting against Republican elected officials’ efforts to raise costs on millions of their own constituents’ student loan payments.” https://lnkd.in/gKch4j8V

#studentloan borrowers can still apply for the SAVE income-driven repayment plan through our Presto tool. Read more about the legal challenges to the SAVE plan here: https://lnkd.in/g2AeSBGw

Following recent court decisions, the #SAVE Plan is still available for #studentloan borrowers to enroll in, and payments will be capped at 5% of their income. However, the SAVE Plan’s shortened time to loan #forgiveness is on hold while the cases continue. Read more -- https://lnkd.in/g2AeSBGw

Now is the time to improve your #college enrollment strategy through our LinQ solution: 🤳 Receive qualified leads warm transferred to your admissions team 🔂 Run custom workflows and easily manage multiple campaigns ⚖ Remain legally compliant with a built-in compliance engine ⏲ Lower your speed-to-lead time down to seconds ♻ Re-engage leads who haven't converted 📈 Measure the ROI of your marketing channels Contact sales@iontuition.com today to improve your enrollment strategy: https://lnkd.in/eNkgQXmm

Federal court judges in Kansas and Missouri have paused parts of the #SAVE income-driven #studentloan repayment plan. The court blocked the SAVE plan's debt cancellation for borrowers who made at least 10 years of payments. The Biden administration also planned to recalculate payments in July for borrowers on the SAVE plan. It's unclear whether those reductions will occur. For more information, please read our latest blog post: https://lnkd.in/gu3k6Uqv

Join Brent Givens and John Kolakowski today to discuss the end of the #studentloan on-ramp and what #college #financialaid leaders can do to avoid high default rates. 📢 Webinar: "End of the On-Ramp: The Return to Default" ⏲ 1pm CST 📝 Register to attend: https://lnkd.in/gdvmKFbg