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Peanut Butter supports new legislation that takes aim at student loan debt crisis
Today, Peanut Butter and 1871 will host Congressman Robert Dold (IL-10) as Dold introduces new legislation to the U.S. House of Representatives. The HELP (Higher Education Loan Payments) for Students and Parents Act is aimed at reducing the student loan burden on...
More on how Congress might solve student loan debt and help companies too
I wrote in a previous blog that Peanut Butter sat down with Congressman Rodney Davis (R, IL - 13) to discuss a bill he sponsored that would enable companies to make tax-free contributions towards their employees' student loan repayment. On April 4, 2016, Congressman...
Congress considers a student loan solution that helps companies too
Congressman Rodney Davis (R, IL-13) visited 1871, Chicago's entrepreneurial hub for tech startups on March 4, 2016 to meet with Peanut Butter CEO David Aronson. The topic of the meeting was student loan debt in the U.S., and potential solutions for the $1.3 trillion...
Peanut Butter recently featured on Tasty Trade
Recently our founder David Aronson sat down with Tasty Trade for their segment, 'Bootstrapping in America' to discuss how Peanut Butter helps employers pay down their employees' student loans and why traditional employee benefits are failing to attract young people....
A brief overview of the student debt crisis
The ongoing student debt crisis is a complex issue resulting from many social and economic developments in the past few decades. Student debt has been increasing rapidly since 2000, from less than 250 billion to over 1.3 trillion today -- and showing no signs of...
Peanut Butter recently mentioned in Crain’s Chicago Business
What is the social cost of the student debt crisis? A recent article in Crain's Chicago Business explores this topic by looking into the lives of those most affected by it. It looks at people like Carolyn Raleigh, a new mother whose debt taken on a life of its own and...
What is the student debt crisis?
Aside from mortgages, what is the most common source of debt in the US? No, it's not credit card debt, nor is it auto loan debt. You may have guessed from the title of this post, it's student loan debt, which now totals over 1.3 trillion dollars in the U.S. alone....
Understanding the student debt crisis
According to a recent article in TIME magazine, more than 25 percent of students with debt are graduating with way too much of it. And it concludes the consequences of this debt could be lifelong, and postpone major life events like financial independence and...
The rising costs of student debt
Did you know that the average B.A. graduate is saddled with over $29,000 in debt at graduation? Or that without employer contribution or refinancing, an undergraduate degree holder with an average debt and payment plan will wind up paying almost $10,000 in just...
Who has college loans?
Here's a not-so-fun fact: 7 in 10 graduates of non-profit colleges enter the workforce with an average of almost $29,000 of debt. In Illinois alone, this accounts for 67% of 4-year graduates. This, and many more interesting statistics about student debt and Income...