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Insights and best practices on Student Loan Assistance

Student loans blocking your retirement savings? A change to federal law MIGHT help [The Boston Globe]

Since 2015, employers have been contributing modest monthly amounts (e.g., $50) toward employee student loans and achieving profound results: 13% faster hiring timelines, 36% longer employee tenure, and Greater gender and cultural diversity. This year, more companies...

How does Peanut Butter process employer contributions?

When considering Student Loan Assistance, many employers have questions surrounding the flow of funds and how their contributions are applied toward employees’ student loans. Once a client gets started with their Peanut Butter Student Loan Repayment program, they’ll...

Ensuring a successful launch for your Student Loan Assistance program

Conceptually, there’s many ideas surrounding the right route for a successful Student Loan Assistance program launch. When considering this new benefit, it’s important for employers to understand what works. In a recent article from Indeed, three key requirements were...

The Reality of Government Student Loan Forgiveness Initiatives

In 2024, 43 million Americans hold student debt for 1.7 trillion dollars outstanding. That means the average student loan borrower has close to $40,000 still to pay off on their debt. A daunting number for most, and student debt's impact is still continuing to grow....

Four things employers shared when they switched their administrator, and hired Peanut Butter

Selecting the right vendor for any benefit is a crucial component of a program’s success. During our time supporting group transitions from other Student Loan Assistance administrators, we’ve learned four key reasons on why employers are choosing to make the switch....

The Latest

How Biden’s Student-Debt Relief Plan Could Make Colleges More Expensive [Fortune]

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...

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President Biden’s Student Loan Relief Plan: What Does It Mean For You?

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...

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36% of US millennials say student loan debt limits home ownership [Insider]

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...

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Guidelines for student loan assistance [NLR]

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...

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Peanut Butter’s Online Help Center

Peanut Butter’s Online Help Center

Peanut Butter's Online Help Center helps answer your questions about our program without having to send an email or make a call. It contains a collection of articles that help employers and employees get answers to any questions about the Student Loan Repayment Plan,...

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Student loan assistance is a worthwhile benefit to offer employees [HRD]

Student loan assistance is a worthwhile benefit to offer employees [HRD]

Jeanniey Walden, global chief innovation and marketing officer at DailyPay, recently spoke (Society for Human Resource Management) about how companies should help their employees keep more money in their pocket. Roughly 45 million Americans have federal student loan...

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