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Insights and best practices on Student Loan Assistance

Creating value for employees headed into 2024

by Joe Kwasniewski | January 2, 2024 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Student Loan Assistance, Winning Together | 0 Comments

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?

by Joe Kwasniewski | January 2, 2024 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Human Resources, Student Loan Assistance, Student Loan Balance, Student Loan Debt, Student Loan Repayment | 0 Comments

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

by Joe Kwasniewski | December 6, 2023 | Benefits, Decisions, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Human Resources, Recruiting, Retaining Talent, Student Loan Assistance, Winning Together | 0 Comments

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

by Joe Kwasniewski | November 27, 2023 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Finding Talent, Human Resources, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Debt, Workplace diversity | 0 Comments

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]

by Joe Kwasniewski | November 27, 2023 | Financial Wellbeing, Student Loan Debt, Student Loan Repayment | 0 Comments

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...

Computer Software Companies Rate Us 5.0 Stars

by Vishuka Mathur | Oct 12, 2022 | Human Resources, Retaining Talent, Reviews, Student Loan Assistance, Student Loan Repayment

Users overall have rated Peanut Butter 4.9 out of five stars, and those from computer software companies have awarded Peanut Butter a perfect 5.0. Click the badge below to see why users in the computer software sector love Peanut Butter. To get started with one of our...

Student Loan Assistance Is One of the Most Sought-After Benefits [Paychex]

by Vishuka Mathur | Oct 12, 2022 | Employee Benefits, Employee Engagement, Financial Wellbeing, Human Resources, Retaining Talent, Student Loan Assistance, Student Loan Repayment, Winning Together

The increase in student loan debt in recent years has become a primary concern of many college-educated workers. When employees are paying off long-term educational loans, employers have offered to shoulder a portion of the burden by including student loan repayment...

Staffing & Recruiting Companies Rate Us 5.0 Stars

by Vishuka Mathur | Oct 12, 2022 | Employee Benefits, Employee Engagement, Retaining Talent, Reviews, Student Loan Assistance, Winning Together, Workplace diversity

Users overall have rated Peanut Butter 4.9 out of five stars, and those from staffing and recruiting companies have awarded Peanut Butter a perfect 5.0. Click the badge below to see why users in the staffing and recruiting sector love Peanut Butter. To get started...

Marketing & Advertising Companies Rate Peanut Butter 5.0 stars

by Vishuka Mathur | Oct 12, 2022 | Employee Engagement, Financial Wellbeing, Human Resources, Retaining Talent, Reviews, Student Loan Assistance, Student Loan Repayment, Winning Together, Workplace diversity

Users overall have rated Peanut Butter 4.9 out of five stars, and those from marketing and advertising companies have awarded Peanut Butter a perfect 5.0. Click the badge below to see why users in the marketing and advertising sector love Peanut Butter. To get started...

Banking Companies Rate Peanut Butter 5.0 stars

by Vishuka Mathur | Oct 11, 2022 | Human Resources, Retaining Talent, Student Loan Assistance, Student Loan Repayment, Winning Together, Workplace diversity

Users overall have rated Peanut Butter 4.9 out of five stars, and those from banking companies have awarded Peanut Butter a perfect 5.0. Click the badge below to see why users in the banking industry love Peanut Butter. To get started with one of our solutions,...

Student Debt: A Critical Challenge Facing Professionals [DPE]

by Vishuka Mathur | Oct 11, 2022 | Employee Engagement, Financial Planning, Financial Wellbeing, Student Loan Assistance, Student Loan Debt, Student Loan Repayment, Workplace diversity

Student debt is a widespread problem in the United States and student loans make up the largest portion of non-housing consumer debt. While bachelor’s or graduate degrees were required for 21 percent of all jobs before the great recession in 2006, they are now...

Reminder: Student loan holiday ending in 2023

by Vishuka Mathur | Sep 29, 2022 | Benefits, Employee Benefits, Employee Engagement, Financial Planning, Financial Wellbeing, Finding Talent, Government Relations, Human Resources, Program Management, Retaining Talent, Student Loan Assistance, Student Loan Debt, Student Loan Repayment, Winning Together

On August 24, 2022, the White House announced President Biden’s Student Loan Relief Plan. Click here to learn what the three-part plan includes and what this could mean for you. Starting mid-2023 student loan servicers are expected to resume the monthly collection of...

Peanut Butter Earns Another G2 Badge: Summer 2022

by Vishuka Mathur | Sep 23, 2022 | Reviews, Student Loan Assistance, Student Loan Repayment, Winning Together

We at Peanut Butter are proud to have been recognized by G2 as a High Performer in the Financial Wellness category. The peer-to-peer software review site has awarded Peanut Butter a badge as a High Performer for the Summer 2022 season, based on positive reviews from a...

Human Resources Companies Rate Peanut Butter 5.0 stars

by Vishuka Mathur | Sep 20, 2022 | Benefits, Employee Benefits, Retaining Talent, Reviews

Users overall have rated Peanut Butter 4.9 out of five stars, and those from human resources companies have awarded Peanut Butter a perfect 5.0. Click the badge below to see why users in the human resources sector love Peanut Butter. To get started with one of our...

The student debt gender gap: Women burdened more by debt call for systemic changes [Whio]

by Vishuka Mathur | Sep 20, 2022 | Employee Benefits, Employee Engagement, Financial Wellbeing, Government Relations, Insights, Student Loan Debt, Uncategorized, Winning Together, Workplace diversity

The bulk of student loan debt in the U.S. has fallen on women, who today hold nearly two-thirds of all outstanding student debt, an amount that totals more than $900 billion, according to the American Association of University Women. Upon college graduation, a female...