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Insights and best practices on Student Loan Assistance
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Now’s the time to offer Student Loan Assistance
During the heart of the Covid-19 pandemic, board rooms and executive suites around the country were filled with uncertainty. However, even with troubling times and a holiday on required federal student loan payments, many employers still chose to offer Student Loan...
IRS hosts webinar promoting tax-free Student Loan Assistance
Today, on September 14th of 2023, we attended the IRS-hosted webinar 'Qualified Education Assistance Programs', which focused on education and compliance surrounding tax-free educational assistance benefits. The webinar was called for by U.S. Senators Mark Warner...
Think twice before paying someone to help you (or your employees) apply for loan forgiveness
Loan forgiveness through government programs has, and always will remain a hot topic in the media. Specifically, Public Service Loan Forgiveness (PSLF). This program is handled by the the department of education and borrowers may only apply at studentaid.gov. Once...
![[The Wall Street Journal] Student Loan Borrowers Face Repayment Soon. CFOs Are Watching to See if Spending Takes a Hit.](https://www.getpeanutbutter.com/wp-content/uploads/2021/10/jumpstory-download20211029-154538-1080x675.png)
[The Wall Street Journal] Student Loan Borrowers Face Repayment Soon. CFOs Are Watching to See if Spending Takes a Hit.
A recent article from The Wall Street Journal analyzed the resumption of federal student loan payments alongside other spending trends. It highlighted that these payments will likely significantly impact spending nationwide as gas prices and typical grocery bills...
![[PYMNTS] Businesses Offering Student Loan Help to Gain Recruitment Edge](https://www.getpeanutbutter.com/wp-content/uploads/2020/06/jumpstory-download20200601-154503-1080x675.png)
[PYMNTS] Businesses Offering Student Loan Help to Gain Recruitment Edge
In a recent article from PYMNTS, Student Loan Repayment was highlighted as a unique way for employers to attract talent. It was cited that nearly 70% of college graduates believe their student debt will influence career choices. It also highlights the fact that 3x...
![[CNN Business] Employers could offer you tax-free help with your student loan payments. Most are not](https://www.getpeanutbutter.com/wp-content/uploads/2018/09/shutterstock_653330692-1080x675.jpg)
[CNN Business] Employers could offer you tax-free help with your student loan payments. Most are not
In a recent post from CNN Business, tax-free student loan assistance was highlighted as a high impact solution for combatting the return of federal student loan payments for borrowers nationwide in October. The article eludes to the fact that only 8% of employers...
![[Bloomberg Law] 401(k) Law’s Appeal Fades as Workers Face Student Debt Deadlines](https://www.getpeanutbutter.com/wp-content/uploads/2020/07/02.jpg)
[Bloomberg Law] 401(k) Law’s Appeal Fades as Workers Face Student Debt Deadlines
In a recent article from Bloomberg Law, the provisions in the SECURE Act 2.0 that will allow employers to treat student loan repayment like retirement plan deferrals were analyzed. The end result eluded to the fact that today's workforce needs and prefers direct...
Nearly half of student loan borrowers have or will get their loans transferred this year
Since the beginning of 2022, student loan borrowers have consistently dealt with transfers to new loan providers, thanks to constant changes in the industry. According to a recent piece by pymnts.com and Google, these transfers have impacted nearly half of all...
![[US Senate] Multiple Senators Urge IRS to Promote Educational Assistance Programs](https://www.getpeanutbutter.com/wp-content/uploads/2020/06/shutterstock_126493766-1-1080x675.jpg)
[US Senate] Multiple Senators Urge IRS to Promote Educational Assistance Programs
In a recent post on the senate’s government website, senators Mark Warner (D-VA), and John Thune (R-SD) urged the IRS to promote educational assistance programs like Student Loan Repayment. The piece highlights the 2020 legislation allowing employers to offer the...
Support employees returning to the office with Student Loan Assistance
As we make our way through the back-half of the year, more and more employees are being asked to return to the office. Not surprisingly, there’s been significant pushback from employees that have been asked to move on from their work-at-home environment. A recent...