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Insights and best practices on Student Loan Assistance

Great News from the Dept. of Ed (And Why Peanut Butter Participants Are Already Ahead of the Curve!)

by Joe Kwasniewski | July 1, 2026 | Benefits, Decisions, Differentiation, Employee Benefits, Employee Engagement, FAQ, Features, Financial Wellbeing, Human Capital, Human Resources, Insights, Student Loan Assistance, Student Loan Debt | 0 Comments

We love sharing good news—especially when it aligns with the financial strategies we’ve been building for program participants from the start. The U.S. Department of Education recently announced an exciting new update for student loan borrowers: a 1% interest rate...

Student Loan Assistance Made Simple: From Setup to Launch in Just an Hour

by Joe Kwasniewski | November 12, 2025 | Benefits, Decisions, Differentiation, Employee Benefits, FAQ, Features, Human Capital, Human Resources, Program Management, Student Loan Assistance, Winning Together | 0 Comments

When it comes to employee benefits, simplicity matters. That’s why we’ve designed our Student Loan Assistance programs to be fast, intuitive, and easy to launch — requiring just about an hour of your team’s time from start to finish. Getting started begins with a...

Don’t Fall Behind: Why Direct Student Loan Repayment is Your ONLY Path to Attracting and Retaining Top Talent (and Why Now is the Time to Act)

by David Aronson | August 4, 2025 | Benefits, Decisions, Differentiation, Employee Benefits, FAQ, Features, Government Relations, Human Capital, Human Resources, Insights, Plan Design, Program Management, Student Loan Assistance, Tax-free | 0 Comments

America's student debt crisis is undeniable. Over 45 million Americans, representing roughly 26% of the U.S. workforce, collectively hold $1.7 trillion in student debt. For Finance and HR executives, this reality presents both a challenge and a profound opportunity to...

Nonprofit Employers: This Is Your Chance to Help Employees Conquer Student Debt

by Joe Kwasniewski | July 16, 2025 | Benefits, Decisions, Differentiation, Employee Benefits, Employee Engagement, FAQ, Features, Human Resources, Insights, Plan Design, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Balance, Student Loan Repayment, Tax-free | 0 Comments

Changes continue to get announced for borrowers enrolled in the former SAVE plan, bringing fiscal responsibility back to individuals holding these loans. For the millions of borrowers enrolled in this plan, deemed illegal in US courts, interest will begin accruing on...

Your Strategic Advantage: Tax-Free Student Loan Repayment Now Permanent

by David Aronson | July 11, 2025 | Benefits, Differentiation, Employee Benefits, Employee Engagement, FAQ, Human Capital, Human Resources, Insights, Plan Design, Student Loan Assistance, Tax-free, Uncategorized | 0 Comments

To Our Valued Clients, This communication serves to inform you of a significant development that further enhances the value of the student loan repayment benefit you are already providing: the recent passage of the One Big Beautiful Bill (OBBB). This legislation has...

What employers need to know when considering 529 Savings Plans

by Tatum Pugh | Jun 13, 2019 | 529 Savings Plan, Benefits, Employee Benefits, Financial Wellbeing, Student Loan Assistance, Student Loan Balance, Student Loan Debt, Student Loan Repayment

Smart organizations are considering Student Loan Assistance programs because they're aware of the increasing student loan debt burden their employees face and they know it's highly attractive for hiring and retaining talent with the right offering. If your company is...

Three ways Student Loan Assistance addresses 2019 human capital needs

by Tatum Pugh | Apr 30, 2019 | Finding Talent, Human Capital, Human Resources, Student Loan Debt, Student Loan Repayment, Workplace diversity

Deloitte's 2019 Global Human Capital Trends Report is always an insightful read. Last year, they stressed the rising importance of a company's social impact -- that is, the need for companies to move beyond their own revenue growth and help address larger societal...

How student loan benefits attract more diverse talent

by Tatum Pugh | Apr 30, 2019 | Student Loan Debt, Student Loan Repayment, Workplace diversity

Diversity in the workplace continues to be an important topic to HR professionals and business leaders. Employers offering student loan benefits are uniquely positioned to attract more diverse talent, while also differentiating from competition for a hiring advantage....

Peanut Butter partners with MDC to help credit unions hire and retain talent

by Tatum Pugh | Apr 30, 2019 | Student Loan Debt, Student Loan Repayment

After completing a year-long testing and vetting process, Peanut Butter was proud to be confirmed by MEMBERS Development Company (MDC) in February of 2019 as a partner for Student Loan Assistance. MEMBERS Development Company is an interactive network of financial...

Alabama Credit Union launches Peanut Butter Student Loan Repayment to get employees out of debt sooner

by Tatum Pugh | Apr 30, 2019 | Retaining Talent, Student Loan Debt, Student Loan Repayment

Problem Analysis Alabama Credit Union discovered their employees have a student debt burden similar to other Americans, with balances averaging between $26,500 and $36,000. They realized they could make a difference in the lives of their employees by launching Peanut...

Peanut Butter Student Loan Assistance featured in Built In Chicago article

by Tatum Pugh | Mar 27, 2019 | Built In, Chicago, Press Room, Recruiting, Retaining Talent, Student Loan Balance, Student Loan Debt, Student Loan Repayment

Peanut Butter was listed by Built In Chicago as one of five local edtech companies having a positive impact on the lives of students and recent graduates. We're in good company in this article and proud to be featured for helping Millennials pay down their student...

Peanut Butter CEO and client to present at 2019 Health & Benefits Leadership Conference

by Tatum Pugh | Mar 27, 2019 | Decisions, Differentiation, events, HBLC conference, Recruiting, Retaining Talent, Student Loan Repayment

Peanut Butter CEO, David Aronson, is proud to speak at the Health & Benefits Leadership Conference (HBLC), organized by Human Resource Executive magazine. The conference runs April 24-26, 2019 at the Aria Resort & Casino, Las Vegas. For those attending,...

Three things to consider if attempting to tie student loan repayment and a company 401(K)

by Tatum Pugh | Mar 27, 2019 | Plan Design, Student Loan Balance, Student Loan Debt, Student Loan Repayment

At Peanut Butter, we're always looking for new ways for employers to make student loan repayment a fiscally advantageous benefit to offer employees. We also go to great lengths with our attorneys to understand IRS and tax laws so employers don't find themselves in a...

Peanut Butter now available on ADP Marketplace

by Tatum Pugh | Feb 20, 2019 | Press Room

CHICAGO (PRWEB) FEBRUARY 05, 2019 Peanut Butter announced today that its Student Loan Assistance programs are now being offered through ADP Marketplace, an online storefront for HR and benefit solutions offered by ADP, one of the world's leading providers of human...

Bipartisan, bicameral action toward pre-tax treatment of Student Loan Repayment — but don’t wait

by David Aronson | Feb 12, 2019 | Government Relations

Over the past few days in Washington, D.C., a bi-partisan group comprising 20 percent of the members of the U.S. Congress introduced the Employer Participation in Repayment Act. If passed, the legislation will save companies approximately 10 percent of the cost of...