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Insights and best practices on Student Loan Assistance

Student loans blocking your retirement savings? A change to federal law MIGHT help [The Boston Globe]

Since 2015, employers have been contributing modest monthly amounts (e.g., $50) toward employee student loans and achieving profound results: 13% faster hiring timelines, 36% longer employee tenure, and Greater gender and cultural diversity. This year, more companies...

How does Peanut Butter process employer contributions?

When considering Student Loan Assistance, many employers have questions surrounding the flow of funds and how their contributions are applied toward employees’ student loans. Once a client gets started with their Peanut Butter Student Loan Repayment program, they’ll...

Ensuring a successful launch for your Student Loan Assistance program

Conceptually, there’s many ideas surrounding the right route for a successful Student Loan Assistance program launch. When considering this new benefit, it’s important for employers to understand what works. In a recent article from Indeed, three key requirements were...

The Reality of Government Student Loan Forgiveness Initiatives

In 2024, 43 million Americans hold student debt for 1.7 trillion dollars outstanding. That means the average student loan borrower has close to $40,000 still to pay off on their debt. A daunting number for most, and student debt's impact is still continuing to grow....

Four things employers shared when they switched their administrator, and hired Peanut Butter

Selecting the right vendor for any benefit is a crucial component of a program’s success. During our time supporting group transitions from other Student Loan Assistance administrators, we’ve learned four key reasons on why employers are choosing to make the switch....

The Latest

Student loans blocking your retirement savings? A change to federal law MIGHT help [The Boston Globe]

Student loans blocking your retirement savings? A change to federal law MIGHT help [The Boston Globe]

Since 2015, employers have been contributing modest monthly amounts (e.g., $50) toward employee student loans and achieving profound results: 13% faster hiring timelines, 36% longer employee tenure, and Greater gender and cultural diversity. This year, more companies...

read more
Ensuring a successful launch for your Student Loan Assistance program

Ensuring a successful launch for your Student Loan Assistance program

Conceptually, there’s many ideas surrounding the right route for a successful Student Loan Assistance program launch. When considering this new benefit, it’s important for employers to understand what works. In a recent article from Indeed, three key requirements were...

read more
The Reality of Government Student Loan Forgiveness Initiatives

The Reality of Government Student Loan Forgiveness Initiatives

In 2024, 43 million Americans hold student debt for 1.7 trillion dollars outstanding. That means the average student loan borrower has close to $40,000 still to pay off on their debt. A daunting number for most, and student debt's impact is still continuing to grow....

read more
Four things employers shared when they switched their administrator, and hired Peanut Butter

Four things employers shared when they switched their administrator, and hired Peanut Butter

Selecting the right vendor for any benefit is a crucial component of a program’s success. During our time supporting group transitions from other Student Loan Assistance administrators, we’ve learned four key reasons on why employers are choosing to make the switch....

read more
Your company doesn’t need to offer 529 college savings plans, and if you must, get the program free from your state

Your company doesn’t need to offer 529 college savings plans, and if you must, get the program free from your state

Employers have continued to explore a wide array of benefits, especially as the war for top talent has continued to become increasingly more difficult. 529 college savings plans are one option employers consider for a few reasons. For one, to create a commonplace for...

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How does student debt impact your industry?

How does student debt impact your industry?

Across the US workforce, 45 million Americans are burdened by student loans. With the average borrower holding north of $30,000 outstanding. It is no wonder it is one of the United State's biggest causes of financial stress. However, employers have the opportunity to...

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The most effective ways to offer Student Loan Assistance

The most effective ways to offer Student Loan Assistance

Student Loan Assistance has emerged as one of the most highly sought after benefits for employees headed into 2024. With the combination of federal student loan payments resuming in October and no large-scale government forgiveness, the US workforce is feeling the...

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Promote Gender and Cultural Diversity with Student Loan Assistance

Promote Gender and Cultural Diversity with Student Loan Assistance

Student debt is burdensome. According to the Education Data Initiative, today's average borrower holds over $40,000 outstanding. Alone, that data-point is compelling enough to persuade many employers to offer Student Loan Assistance as a benefit. However, student debt...

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