ABOUT US

We make it easy to offer student loan assistance

What is Peanut Butter?
Year in and year out, companies offer incomplete benefit packages that leave employees feeling underwhelmed, with their needs unmet. We started Peanut Butter so organizations can provide the employment value proposition they need to attract, retain, and engage college-educated talent.

 

Millions of Americans are struggling with student debt. These debtors are among the most qualified job candidates and the most productive workers in our economy. When companies and communities provide student loan assistance, they stand out as a preferred place to work.

Why "Peanut Butter"?
What was your go-to meal in college? For many, peanut butter was the only thing they could afford to eat. Our company’s name is an homage to student debt holders everywhere. 

 

Our effort to help every team member become free of student debt starts with recognizing all their hard work and sacrifices in order to qualify for positions. 

Who is Peanut Butter?
Peanut Butter was built from the ground-up to serve employers. Helping organizations efficiently and effectively offer student loan assistance remains our top priority.

 

We are fortunate to support leading employers in healthcare, financial services, professional services, technology, education, not-for-profit, and several other industries. In addition, we have been entrusted to administer community-based student loan assistance programs to help attract college-educated workers to rural and suburban communities.

 

Peanut Butter users rate their experience 4.9 out of 5.0 stars for ease of use, quality of support, and ease of setup. Peanut Butter is the #1 rated provider out of 200+ companies tracked in G2’s Other HR benefit category.

Employers often work with Peanut Butter directly, and many learn about us through trusted Human Capital Management providers that recommend us to their clients.

Individually, and as a team, we hold ourselves to these core values.

Customer first, always

Understand, then act

Stronger together

Lead by example

Take thoughtful risks

Do the right thing

Peanut Butter has offices in Chicago, Illinois, and Buffalo, New York.

 

Meet Our Founder

David Aronson
David Aronson founded Peanut Butter in 2015 and has served as the company’s CEO and Chairman since then. David is responsible for the company’s product and go-to-market vision which is informed through his regular and consistent interactions with client organizations that he partners with to design, implement, and administer student loan assistance programs.

Aronson has spoken on student loan assistance at the HR Executives Benefits Leadership Conference, LIMRA’s Worksite Benefits Conference, EBN’s Benefits Forum, Society for Human Resource Management events, and on Capitol Hill. 

David holds an MBA in Entrepreneurship & Innovation from the J.L. Kellogg School of Management at Northwestern University and a BSBA in Finance from Valparaiso University.

Peanut Butter In The Press

Discover resources, best practices and more

Peanut Butter Earns 1 G2 Badge for Summer 2022

We at Peanut Butter are proud to have been recognized by G2 as a High Performer in the Financial Wellness category. The peer-to-peer software review site has awarded Peanut Butter a badge as a High Performer for the Summer 2022 season, based on positive reviews from a...

Human Resources Companies Rate Peanut Butter 5.0 stars

Users overall have rated Peanut Butter 4.9 out of five stars, and those from human resources companies have awarded Peanut Butter a perfect 5.0. Click the badge below to see why users in the human resources sector love Peanut Butter. To get started with one of our...

Why Biden’s $10,000 student loan relief will impact women the most [MSNBC]

While Biden's announcement to cancel up to $10,000 in student loans and extend the pause on federal student loan payments through Dec 31st welcomes relief to all borrowers, it’s women who may benefit the most. Today, women hold over two-thirds of America’s...

Why Your Company Should Offer Student Loan Repayment

Americans hold nearly $1.75 trillion in student debt. In today’s workforce, employers are reconsidering how they approach employee benefits. In the efforts to attract and retain top talent, companies are aiming to create more appealing benefit programs. They’re...

Student Loan Assistance Programs With Peanut Butter

With the average student debt borrower holding $31.4K in student loans, it’s no surprise that it’s a leading cause of financial stress for employees. The good news is that employers can help by offering one of Peanut Butter’s Student Loan Assistance programs. Below is...

Indiana the latest state to confirm it will tax student loan forgiveness [Axois]

As the Biden administration sets out to implement its student loan forgiveness plan, Indiana became the latest state Tuesday to confirm that it will tax student loan forgiveness. Several states have indicated that residents could face a state tax on the balances...

What is Peanut Butter’s support and holiday schedule?

Peanut Butter will use commercially reasonable efforts to respond to all Helpdesk tickets within one (1) business day. Our team is available to support you Monday through Friday from 9am to 5pm CT.We are closed in observance of the following holidays: New Year’s Day...

How Biden’s Student-Debt Relief Plan Could Make Colleges More Expensive [Fortune]

After Biden announced his student loan relief plan, an economist explains how the new Income Driven Repayment (IDR) system plan will incentivize universities to increase tuition. Read the full article by Fortune here. Employers who help will reap the benefits of...

President Biden’s Student Loan Relief Plan: What Does It Mean For You?

On Wednesday, August 24, 2022, the White House announced President Biden’s Student Loan Relief Plan. The three-part plan includes: $10,000 of potential debt reduction for federal loan borrowers and the payment holiday’s end on 12/31/2022 (hereafter referred to as...

36% of US millennials say student loan debt limits home ownership [Insider]

Millennials today owe an average of $38,877 in student loan debt, according to an Experian consumer debt study. According to a new survey conducted by Legal & General, over one third of millennials in the US say they feel locked out of their quest to save for a...

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