Tuition.io, a San Mateo, CA-based education assistance benefits provider, acquired Wiley’s (NYSE: WLY) Tuition Manager business, which enables employers to offer a range of tuition assistance benefits to their workforces.
The terms of the deal were not disclosed.
Led by Scott Thompson, CEO, Tuition.io offers a full suite of Education Assistance services including student loan wellness, student loan repayment assistance, loan forgiveness, education planning and tuition assistance. The company works with US employers across all industries including ADP, Carhartt, Emory Healthcare, Ford, Universal Music Group and hundreds of others. When the migration of Wiley clients is completed later this year, Tuition.io will have more than 100 employers using its tuition assistance services.
The acquisition represents the culmination of a business relationship between Tuition.io, Wiley and HostedHR dating back more than four years. It continues Tuition.io’s growth as an Education Assistance service provider, allowing Tuition Manager customers to take advantage of its platform to offer a wide range of differentiated benefits to their workforces.
The Tuition Manager business will join the current suite of employee benefits already offered by Tuition.io, including Student Loan Repayment, Tuition Assistance, Public Service Loan Forgiveness for non-profits, and Student Loan Wellness.
FinSMEs
07/07/2023