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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...
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,...
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...
Middle Market Employers Rate Peanut Butter 5.0 Stars
Users overall have rated Peanut Butter 4.9 out of five stars. Those from middle market companies (51-1000 employees) have awarded Peanut Butter a perfect 5.0. See our reviews from employers in middle market businesses.
What types of loans qualify for student loan repayment?
Curious to understand what types of loans qualify for student loan repayment? You're in the right place. What types of loans qualify when the company offers a tax-free plan? Federal and private student loans qualify for tax-free contributions under a section...