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Insights and best practices on Student Loan Assistance
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Why Your Company Should Offer Student Loan Repayment
Americans hold nearly $1.75 trillion in student debt. In today’s workforce, employers are reconsidering how they approach employee benefits. In the efforts to attract and retain top talent, companies are aiming to create more appealing benefit programs. They’re...
Student Loan Assistance Programs With Peanut Butter
With the average student debt borrower holding $31.4K in student loans, it’s no surprise that it’s a leading cause of financial stress for employees. The good news is that employers can help by offering one of Peanut Butter’s Student Loan Assistance programs. Below is...
Indiana the latest state to confirm it will tax student loan forgiveness [Axois]
As the Biden administration sets out to implement its student loan forgiveness plan, Indiana became the latest state Tuesday to confirm that it will tax student loan forgiveness. Several states have indicated that residents could face a state tax on the balances...
What is Peanut Butter’s support and holiday schedule?
Peanut Butter will use commercially reasonable efforts to respond to all Helpdesk tickets within one (1) business day. Our team is available to support you Monday through Friday from 9am to 5pm CT.We are closed in observance of the following holidays: New Year’s Day...
How Biden’s Student-Debt Relief Plan Could Make Colleges More Expensive [Fortune]
After Biden announced his student loan relief plan, an economist explains how the new Income Driven Repayment (IDR) system plan will incentivize universities to increase tuition. Read the full article by Fortune here. Employers who help will reap the benefits of...
President Biden’s Student Loan Relief Plan: What Does It Mean For You?
***Updated December 7, 2022*** On Wednesday, August 24, 2022, the White House announced President Biden’s Student Loan Relief Plan. The three-part plan includes: $10,000 of potential debt reduction for federal loan borrowers and the payment holiday’s end (hereafter...
36% of US millennials say student loan debt limits home ownership [Insider]
Millennials today owe an average of $38,877 in student loan debt, according to an Experian consumer debt study. According to a new survey conducted by Legal & General, over one third of millennials in the US say they feel locked out of their quest to save for a...
Guidelines for student loan assistance [NLR]
The National Law Review (NLR) recently published its guidelines to help employers steer clear of legal obstacles some have encountered with student loan repayment and tuition reimbursement programs. The three key legal considerations for student loan assistance...
Education companies rate Peanut Butter 5.0 stars
Users overall have rated Peanut Butter 4.9 out of five stars, and those from education companies, higher education, and e-learning services have awarded Peanut Butter a perfect 5.0. Click the badge below to see why users in the education sector love Peanut Butter. To...
How to update your company information?
To update any information related to your company, including name, address, and funding source, follow these steps: Step 1: Log in to your employer account on Peanut Butter and click on "Company Info" Step 2: Click on "Edit Company Info" on the top right corner Step...