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Insights and best practices on Student Loan Assistance
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![Supreme Court rebuffs Biden administration plea to restore multibillion-dollar student debt plan [AP News]](https://www.getpeanutbutter.com/wp-content/uploads/2016/02/jumpstory-download20200601-204924-1080x675.png)
Supreme Court rebuffs Biden administration plea to restore multibillion-dollar student debt plan [AP News]
White House attempts to relieve portions of student debt the US workforce faces have continued to get struck down by the Supreme Court. Alluding to the consistent verdict that no widespread forgiveness is coming for borrowers. In a recent post from AP News, another...
Tax-Free Student Loan Repayment, Here to Stay
First through the CARES Act in 2020, then the Consolidated Appropriations Act of 2021, and now through an in progress bipartisan bill in 2024. Tax-free Student Loan Assistance is once again making a statement to remain an option for employers looking to stand out in...
Peanut Butter Insights: Do Employers Typically Cap Their Total Student Loan Contributions?
In our discussions with potential clients, employers commonly ask about lifetime maximum caps on their student loan contributions for employees. Hoping to draw comparisons to other benefits. In this post, we’ll describe the best practices surrounding this concept. In...
How long does it take to set-up a Student Loan Assistance Program?
When considering Student Loan Assistance as a new benefits offering, employers commonly ask about program setup time. It’s important to understand the legwork required to get things off the ground. When it comes to Peanut Butter programs, the quickness surrounding...
Peanut Butter Feature to Know: What do employees agree to do as program participants?
When considering Student Loan Assistance, many employers are curious about what employees agree to as benefit participants. Along with their responsibilities in the program. Employees that elect to participate in a student loan repayment program with Peanut Butter...
Combating Student Debts’ Impact on the U.S. Economy
As more and more college graduates enter the workforce, the ever growing total in student debt the U.S. population faces continues to increase. Combined with that also pairs the fact that wages aren’t keeping up with this debt, and the inflation our country is faced...
Peanut Butter Insights: Employee Eligibility Criteria to Avoid
Working with nearly a thousand clients nationwide, we’ve grown as experts in eligibility criteria employers most commonly use when offering Student Loan Assistance to employees. On the flip side, we’ve also observed eligibility criteria employers should avoid. We...
Peanut Butter Feature to Know: Employer Responsibilities
When offering Student Loan Assistance, it’s important for employers to understand their responsibilities for success. Benefit maintenance is simple, and one of the core reasons our services stand out is ease of use. With Peanut Butter’s SaaS solution, employers...
Peanut Butter Feature to Know: Employee Loan Verification
When thinking about Student Loan Repayment for employees, companies are commonly curious about the criteria considered when Peanut Butter verifies individuals student loan information during their enrollment process. As an employee links or provides their student loan...
Make a material difference for employees’ financial wellbeing through Student Loan Assistance
Employees are asking for more from their employers in 2024. While common benefits like Healthcare, Retirement, and PTO have become industry standards. Other emerging benefits are now coming to the forefront to help improve financial wellness. Student Loan Assistance...