SANTA MONICA, Calif., Dec. 1, 2016 /PRNewswire/ -- Tuition.io, the nation's first and most comprehensive employer-funded student loan contribution platform, has been named a winner in the Enterprise Product of the Year - Software category in the 2016 Best in Biz Awards.
As the most complete student debt relief solution available on the market, Tuition.io empowers employers to attract and retain talent who are saddled with stifling student debt by helping them pay it down. As the first company to bring employer student loan contributions to market at scale, the award-winning platform has managed more than $2 billion in outstanding loans on its secure platform. "It's an honor for our platform to be recognized by Best in Biz Awards for its contributions to help tackle the nation's crippling $1.3 trillion student loan crisis," said Noam Katz, Chief Technology Officer of Tuition.io. "Tuition.io has saved employees more than 5,000 years of potential student loan payments since launch and has helped to reduce delinquent loans by a drastic 20 percent." The sixth annual Best in Biz Awards garnered more than 600 entries, from an impressive array of public and private companies of all sizes and from a variety of industries and geographic regions in the U.S. and Canada. Best in Biz Awards 2016 honors were presented in 60 categories and winners 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. The judging panel included AdWeek, Associated Press, Atlanta Tribune, CNET, Computerworld, Consumer Affairs, Entrepreneur, eWeek Channel Insider, Forbes, Healthcare Innovation News, Inc., Information Week, InfoWorld, MediaPost, Network World, Wall Street Journal, Wired, and ZDNet among others.