BLOG

Insights and best practices on Student Loan Assistance

ADP highlights five tips for attracting talent through Student Loan Assistance

by Tatum Pugh | October 10, 2019 | Uncategorized | 0 Comments

Peanut Butter partner ADP released a blog post today discussing five tips for how to attract and retain employees. Step one is easy: offer student loan assistance as a benefit. After that, you can focus on adjusting your plan to meet your company's individual needs...

Peanut Butter and Clinton County, Iowa launch pioneer program targeting student debt

by Tatum Pugh | September 30, 2019 | Winning Together | 0 Comments

Peanut Butter began a partnership with Clinton County, Iowa last month in order to establish a new intergovernmental system aimed at helping residents pay off their student loan debt. This collaboration was provoked after the county experienced large decreases in...

Central DeWitt School Board joining Clinton County to offer student loan repayment

by Jennifer Aronson | September 29, 2019 | Student Loan Assistance | 0 Comments

We're excited to share that the Central DeWitt School Board is the latest to spread the Peanut Butter and join Clinton County, Iowa's intergovernmental Student Loan Repayment program. Clinton County, Iowa recently embarked on a first-of-its-kind Student Loan Repayment...

The three most popular student loan assistance programs

by Jennifer Aronson | September 29, 2019 | Plan Design | 0 Comments

Student Loan Assistance Programs continue to play an important role in employee benefits because of the $1.5T in student debt held by over 45 million Americans -- nearly 30 percent of the workforce1. As we continue to see dramatic increases in the number of employers...

Instacart contractors become eligible for Student Loan Assistance

by Jennifer Aronson | September 29, 2019 | Student Loan Assistance | 0 Comments

We're thrilled to support Instacart in its efforts to provide greater benefits to its 130,000+ contractor shoppers, including a Student Loan Assistance program administered by Peanut Butter. Instacart has been striving to improve its company's benefits and recently...

The ultimate guide to promoting Student Loan Assistance Benefits

by Jennifer Ryley | Jun 20, 2019 | Benefits, Employee Benefits, Human Resources, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Repayment

If you're an employer who is offering or considering offering Student Loan Assistance as a benefit to your employees, these five tips will help you create buzz in your organization (and community) and generate employee excitement. The first consideration with a...

What employers need to know when considering 529 Savings Plans

by Jennifer Ryley | 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 Jennifer Ryley | 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 Jennifer Ryley | 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 Jennifer Ryley | 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 Jennifer Ryley | 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 Jennifer Ryley | 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 Jennifer Ryley | 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 Jennifer Ryley | 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...

This is why your employee should always be the borrower when you offer student loan repayment

by Jennifer Ryley | Mar 27, 2019 | Decisions, FAQ, Plan Design, Qualified Loans, Student Loan Balance, Student Loan Debt, Student Loan Repayment

Our clients and prospects often ask if student loans in a parent's name are still eligible to participate in Student Loan Repayment plans. This can be a common occurrence today, where parents are trying to help shoulder the burden of their kids' debt from student...