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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

How Student Loan Debt Can Impact Your Life [LendEDU]

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...

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Here’s A Winning Strategy For Hiring Early Talent: Help Them With Their Student Loans [Forbes]

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...

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The CFOs at Nvidia and Estée Lauder say helping employees pay off student loans is vital. Here’s how they’re doing it [Yahoo! Finance]

The CFOs at Nvidia and Estée Lauder say helping employees pay off student loans is vital. Here’s how they’re doing it [Yahoo! Finance]

Yahoo Finance has reported that CFO's from top employers like Estée Lauder and Nvidia are speaking about Student Loan Assistance being a vital benefit for organizational success. The article began by highlighting the recent survey from the Society of Human Resources...

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Student Loan Assistance = Financial Wellness at its Finest

Student Loan Assistance = Financial Wellness at its Finest

Student Loan Assistance has shifted to the top of many news headlines and Human Resources department agendas in October. The month that many thought wouldn't arrive for the past three and a half years is now in full swing, and borrowers around the country are making...

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Now’s the time to offer Student Loan Assistance

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...

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Think twice before paying someone to help you (or your employees) apply for loan forgiveness

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...

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[The Wall Street Journal] Student Loan Borrowers Face Repayment Soon. CFOs Are Watching to See if Spending Takes a Hit.

[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...

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