ROLLING MEADOWS, Ill., Dec. 1, 2016 /PRNewswire/ -- IonTuition.com, the leading education-fintech company, has been named a Gold Winner in the Most Innovative Service of the Year category in this year's Best in Biz Awards. The Best in Biz Awards is the only independent business awards program that recognizes top companies, teams, executives and products for their business success as judged by established members of the press and industry analysts. IonTuition helps borrowers and their families take control of their education finances by helping them monitor, manage and better understand their student loans. In addition, IonTuition now offers IonPay, a new repayment assistance tool that enables employers to offer student loan repayment as a benefit. This allows eligible employees to manage their student loan payments through IonTuition, offering an easier, more convenient way for borrowers to pay down their loans. "IonTuition is proud to be named the Most Innovative Service of the Year," said Balaji "Raj" Rajan, CEO of IonTuition, Inc. "The award reflects our dedication to constantly create new ways to engage students and deliver optimal results for their futures." The sixth annual North American awards program garnered more than 600 entries from an impressive array of public and private companies of all sizes, spanning a variety of industries and geographic regions in the U.S. and Canada. Best in Biz Awards 2016 honors were presented in 60 categories, including Company of the Year, Fastest-Growing Company of the Year, Most Innovative Company of the Year, Best Place to Work, Technology Department of the Year, Executive of the Year, Most Innovative Product of the Year, Best New Product of the Year, App of the Year, PR Campaign of the Year and Website of the Year. "The nominees for Most Innovative Service of the Year were extremely impressive this year and nicely represent America's entrepreneurial spirit," said Mark Huffman, Consumer Affairs, returning to judge his third Best in Biz Awards competition. "However, I was particularly impressed with IonTuition, which harnesses technology toward a much-needed end, helping college students get a better grasp on the high costs of getting an education." Winners of Best in Biz Awards 2016 were determined based on scoring from an independent panel of 50 judges from widely known newspapers, business, consumer and technology publications, TV outlets, and analyst firms. In addition to numerous judges returning from the 2011 - 2015 judging panels, this year's panel included several worthy additions to the high-profile group. The panel included Associated Press, Business News Daily, CNET, Consumer Affairs, Entrepreneur, eWeek Channel Insider, Forbes, Information Week, Investment Advisor Magazine, Network World, Wall Street Journal and many more.