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What’s in your toolkit?: Social media posts
All Peanut Butter clients receive a toolkit full of resources to help them make the most of their student loan assistance program. This blog series “What’s in your toolkit?” is designed to help employers discover and understand the various materials included in their...
Does your benefits package align with the state of your workforce?
As COVID-19 continues to dictate where and how we work -- and open enrollment season draws nearer -- employers need to determine if their benefits package aligns with the state of their workforce. For example, common office perks like all-you-can-drink coffee and...
Student debt disproportionately impacts Black borrowers
Student debt is a primary financial concern for nearly 45 million U.S. borrowers. While each of these borrowers is subject to months to years of repayment efforts, there is no group that is affected more by student debt than Black Americans. A recent article from...
Student Loan Assistance attracts workers to rural, suburban communities as remote work continues
It’s no secret that the way we work today looks completely different than it did just a few months ago. With social distancing guidelines in place, companies across the U.S. have shifted to remote work, and many employers are considering adopting this new model on a...
Peanut Butter & PeopleStrategy bring Student Loan Assistance to employers
Peanut Butter recently entered a partnership with PeopleStrategy, a full-service brokerage and provider of comprehensive, cloud-based human resource (HR) solutions, to help introduce Student Loan Assistance programs to PeopleStrategy’s client employers. Employers...
Financial stress affects your workplace more than you may think
With financial uncertainty continuing to grow, employers in every industry are faced with a grueling reality: financial stress in the workplace is real (and higher than ever before), and it comes with a hefty price tag. In 2019, 69% of employees admitted they were...
CARES Act creates opportunity for employers with Tax-Free Student Loan Repayment
Peanut Butter CEO David Aronson was featured as a subject matter expert last week on an episode of NFP’s Big Questions. Aronson was invited to speak about the CARES Act and how it offers specific relief for student debt borrowers, and creates an opportunity for...
Tax-free Student Loan Repayment is here, and likely to stay
Signed into law on Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (H.R. 748, “CARES Act”, or “Stimulus Bill”), includes tax incentives when employers choose to offer Student Loan Repayment as a benefit. Under the CARES Act (H.R. 748,...
St. Michael’s Inc. Implements Student Loan Repayment Program
St. Michael’s Inc., a government contracting firm that provides financial management to defense and intelligence agencies throughout the U.S., recently announced their Student Loan Assistance Program with Peanut Butter. By offering a Student Loan Repayment...
Briefing on tax-free Student Loan Repayment
How to attract, retain and engage college-educated workers On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (H.R. 748, “CARES Act”, specifically Sec. 2206(B)) made it possible for companies to pay down their employees’ student loans...