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Insights and best practices on Student Loan Assistance
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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....
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...
Creating value for employees headed into 2024
As we kick-off 2024, research and data on end-of-year spending are already surfacing. According to The 19th News, "Student loan repayments are putting a damper on holiday spending — especially for Gen Z and millennials." As widely known, federal student loan payments...
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...
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...
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...
![Student Loan Survey: Most Borrowers Are Stressed About Repayments [Experian]](https://www.getpeanutbutter.com/wp-content/uploads/2020/04/realestate-SD-1080x675.jpg)
Student Loan Survey: Most Borrowers Are Stressed About Repayments [Experian]
Student loans have consistently shown up in the US news cycle since President Biden's debt forgiveness plan was struck down by the Supreme Court in June, and following the historical resumption of federal student loan payments in October. Today, the consensus among...
Peanut Butter recognized by G2 again for the Fall 2023
We are excited to let you know that G2 has awarded Peanut Butter with multiple badges in the Fall 2023 reports. We have been recognized as a high performing leader for all of the America's, and in the Mid-Market space. Along with standing out amongst other top...
![How Student Loan Debt Can Impact Your Life [LendEDU]](https://www.getpeanutbutter.com/wp-content/uploads/2020/05/ADP-asset4.jpg)
How Student Loan Debt Can Impact Your Life [LendEDU]
As we round out 2023, student debt is playing a much bigger role than it did in years past in the lives nearly 50 million Americans. Today, the average borrower owes right around $30,000 toward their student loans, and this number will only continue to grow year by...
![Here’s A Winning Strategy For Hiring Early Talent: Help Them With Their Student Loans [Forbes]](https://www.getpeanutbutter.com/wp-content/uploads/2020/09/shutterstock_1407701177-1080x675.jpg)
Here’s A Winning Strategy For Hiring Early Talent: Help Them With Their Student Loans [Forbes]
As employers continue to navigate the post-pandemic era, a new normal is setting in for student debt holders as payments resume in October. The end of pandemic-related forbearance doesn't generate a net new monthly expense for most borrowers, but it certainly feels...