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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....

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Feature Focus: Digital Enrollment

Feature Focus: Digital Enrollment

With Peanut Butter's Digital Enrollment & Phone Support features, employees can elect to participate in your company's Student Loan Repayment plan online from any device, in just a couple of minutes. Peanut Butter makes it easy for employers to offer Student Loan...

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