IonTuition Partners with APA to Help Members With Student Loan Debt

Updated: Jun 25, 2018

ROLLING MEADOWS, Ill. and WASHINGTON, April 20, 2017 /PRNewswire/ -- IonTuition, Inc., the leading education-fintech company specializing in helping borrowers manage and repay their student loans, and the American Psychological Association (APA), America's largest scientific and professional organization representing psychology, today announced that the IonTuition™ student loan platform is now available to all APA members.

Psychologists have become burdened with student loan debt. In 2016, APA found that 91 percent of PsyD students graduate with a median student loan debt of $200,000. It is not surprising that 56 percent of early career psychologists reported delaying retirement planning. APA is helping its members by providing student loan management benefits. IonTuition's platform manages student loans using a range of tools that include a refreshable loan dashboard, repayment optimization calculators, loan alerts, and access to expert counselors via phone and webchat.

"As always, our goal is to provide members with the best financial and educational resources available," said Ian King, MBA, Executive Director of Membership for the American Psychological Association. "By partnering with IonTuition, we provide valuable assistance to our members with college loan obligations."

"We welcome APA's 110,000+ membership of students and professionals," said Balaji "Raj" Rajan, CEO of IonTuition. "Our financial wellness platform is ready, and our counselors look forward to being of service."

About American Psychological Association  The American Psychological Association, in Washington, D.C., is the largest scientific and professional organization representing psychology in the United States. APA's membership includes more than 117,500 researchers, educators, clinicians, consultants and students. Through its divisions in 54 subfields of psychology and affiliations with 60 state, territorial and Canadian provincial associations, APA works to advance the creation, communication and application of psychological knowledge to benefit society and improve people's lives.

About IonTuition™ IonTuition is an industry leader in student loan management solutions. We're involved in the entire lifecycle of student loan repayment, from providing prospective college students with ROI analysis on their higher education to helping organizations run student loan repayment assistance and contribution programs. For years we've delivered interactive, user-friendly loan tools to users of all kinds. Our mission has always been to help student loan borrowers at every stage, at any age.

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