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

Student loan holiday ending soon

Starting in February of 2022 student loan servicers are expected to resume the monthly collection of payments from roughly 40 million borrowers. Whoa?! That's going to be a shock for a lot of people. In March of 2020, the CARES Act placed federal student loans on...

Financial Services firms rate Peanut Butter 5.0 stars

Users overall have rated Peanut Butter 4.9 out of five stars, and those from banks, credit unions, and insurance carriers have awarded Peanut Butter a perfect 5.0. Click the badge below to see why users in the Financial Services sector love Peanut Butter.

Professional Services firms rate Peanut Butter 5.0 stars

Users overall, have rated Peanut Butter 4.9 out of five stars, and those from engineering firms, advertising agencies, and other professional services firms have awarded Peanut Butter a perfect 5.0.

How Student Loan Debt Affects Women [US News]

Is diversity important at your company? Of course, it is. Companies that maintain a diverse workforce based on gender and race, perform better. But can your company structure its employee benefits to align with its diversity goals? One way is to offer benefits that...

Feature Focus: Digital Enrollment

With Peanut Butter's Digital Enrollment & Phone Support features, employees can elect to participate in your company's Student Loan Repayment plan online from any device, in just a couple of minutes. Peanut Butter makes it easy for employers to offer Student Loan...

PB in the Kitchen: Udon Peanut Butter Noodles

Our company’s name is an homage to college grads everywhere, since so many eked by on peanut butter in an effort to save and pay for their college education. Now, those college grads are putting their degrees to work, and many are cooking at home more due to the...

In the Press: Time is now for Student Loan Assistance

Peanut Butter was featured in Buffalo Business First last week, following the recent passing of legislation that gave Peanut Butter’s core service, employer-sponsored student loan repayment, a big boost.  As a result of the Consolidated Appropriations Act (H.R. 133,...

Biden extends payment holiday on Federal student loans

Here’s why now is the best time to contribute to the repayment of employee student debt.In one of his first moves in the Oval Office, President Joe Biden signed an executive order extending the payment holiday for federal student loan borrowers until at least Oct. 1,...

January update on Tax-Free Student Loan Assistance

Employers may now offer Student Loan Repayment tax-free for years to come. 2020 is finally behind us.  And as we enter 2021, more employers than ever before will be offering Student Loan Repayment in an effort to attract, retain and engage a talented workforce in the...

December update on Tax-Free Student Loan Assistance

Earlier this year, the CARES Act authorized employers to make tax-free contributions to student loans for the first time in history. Under the legislation, employers that adopted a section 127 educational assistance plan could exclude contributions to student loans...

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