Offering a loan repayment administration solution for these organizations underscores our commitment to administer high quality educational assistance programs.
NASHVILLE, Tenn. (PRWEB) March 06, 2019
International Scholarship and Tuition Services, Inc. (ISTS), an industry expert in the management of scholarships and tuition reimbursement programs, announced this week the launch of its new service line devoted to student loan assistance programs.
As with the company’s approach to administering other types of educational assistance initiatives, ISTS will now offer the sponsors of loan repayment and reimbursement programs a comprehensive solution for implementing and running a successful loan assistance benefit including a dedicated program manager, customized online application process and real-time reporting.
More than 44 million Americans currently struggle with student loan debt; however, according to a 2017 survey by the Society for Human Resource Management, only about 4 percent of employers offer student loan assistance. This percentage is expected to increase this year, in part due to a recent IRS private letter ruling on pairing 401(k) plan match with student loan repayment.
“The rising burden of student loan debt provides an opportunity for organizations to expand their benefits to employees and offer an incentive that is impactful and desirable,” said Matt Rompala, ISTS’ Chief Sales Officer. “Offering a loan repayment administration solution for these organizations underscores our commitment to administer high quality educational assistance programs. We look forward to working with companies to craft loan repayment programs that positively impact the employee experience and improve organizational ROI.”
To learn more about ISTS’ entire suite of educational assistance administrative solutions and request a quote, please visit applyISTS.com/program-management.
About International Scholarship and Tuition Services, Inc. (ISTS)
Founded in 1985, International Scholarship and Tuition Services, Inc. provides comprehensive management of educational assistance programs, including scholarships, grants, loan repayment and tuition reimbursement. ISTS is a 100% women-owned company, focused on offering cutting-edge technology and sustainable solutions to corporations, foundations, associations, unions and other organizations worldwide. For more information about ISTS, visit http://www.applyISTS.com.