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Insights and best practices on Student Loan Assistance

Don’t Fall Behind: Why Direct Student Loan Repayment is Your ONLY Path to Attracting and Retaining Top Talent (and Why Now is the Time to Act)

by David Aronson | August 4, 2025 | Benefits, Decisions, Differentiation, Employee Benefits, FAQ, Features, Government Relations, Human Capital, Human Resources, Insights, Plan Design, Program Management, Student Loan Assistance, Tax-free | 0 Comments

America's student debt crisis is undeniable. Over 45 million Americans, representing roughly 26% of the U.S. workforce, collectively hold $1.7 trillion in student debt. For Finance and HR executives, this reality presents both a challenge and a profound opportunity to...

Nonprofit Employers: This Is Your Chance to Help Employees Conquer Student Debt

by Joe Kwasniewski | July 16, 2025 | Benefits, Decisions, Differentiation, Employee Benefits, Employee Engagement, FAQ, Features, Human Resources, Insights, Plan Design, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Balance, Student Loan Repayment, Tax-free | 0 Comments

Changes continue to get announced for borrowers enrolled in the former SAVE plan, bringing fiscal responsibility back to individuals holding these loans. For the millions of borrowers enrolled in this plan, deemed illegal in US courts, interest will begin accruing on...

Your Strategic Advantage: Tax-Free Student Loan Repayment Now Permanent

by David Aronson | July 11, 2025 | Benefits, Differentiation, Employee Benefits, Employee Engagement, FAQ, Human Capital, Human Resources, Insights, Plan Design, Student Loan Assistance, Tax-free, Uncategorized | 0 Comments

To Our Valued Clients, This communication serves to inform you of a significant development that further enhances the value of the student loan repayment benefit you are already providing: the recent passage of the One Big Beautiful Bill (OBBB). This legislation has...

Decoding the OBBB: Permanent Tax-Free Treatment of Employer-Sponsored Student Loan Repayment

by David Aronson | July 8, 2025 | Benefits, Differentiation, Employee Benefits, FAQ, Financial Wellbeing, Finding Talent, Human Capital, Human Resources, Insights, Plan Design, Program Management, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Balance, Student Loan Debt, Tax-free, Uncategorized | 0 Comments

The OBBB has brought significant, permanent changes to federal student loans. For employers focused on college-educated talent, the biggest impact is the permanent tax-free status for employer student loan assistance. Employers have long found high ROI offering this...

Opportunity Now: Student Loan Repayment is PERMANENTLY Tax-Free Under the OBBB

by Joe Kwasniewski | July 7, 2025 | Benefits, Decisions, Differentiation, Employee Benefits, Employee Engagement, Features, Finding Talent, Government Relations, Human Capital, Human Resources, Insights, Plan Design, Program Management, Retaining Talent, Student Loan Assistance, Student Loan Balance, Student Loan Repayment, Tax-free | 0 Comments

For ten years, Peanut Butter has helped employers offer impactful student loan assistance programs, recognizing the financial strain of student debt. As you know from our recent posts, employers consistently report a high ROI on this benefit, even when offered on a...

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

by David Aronson | Aug 25, 2022 | Benefits, Decisions, Employee Benefits, Employee Engagement, FAQ, Financial Planning, Insights, Retaining Talent, Student Loan Assistance, Student Loan Balance, Student Loan Debt, Student Loan Repayment, Uncategorized, Winning Together

***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]

by Vishuka Mathur | Aug 22, 2022 | Benefits, Employee Benefits, Financial Wellbeing, Retaining Talent, Student Loan Assistance, Student Loan Debt, Student Loan Repayment

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]

by Vishuka Mathur | Aug 3, 2022 | Employee Benefits, Financial Planning, Financial Wellbeing, Human Resources, Program Management, Student Loan Assistance, Student Loan Debt, Student Loan Repayment, Workplace diversity

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

by Vishuka Mathur | Aug 3, 2022 | Decisions, Employee Benefits, Financial Wellbeing, Retaining Talent, Reviews, Student Loan Assistance, Student Loan Repayment

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?

by Vishuka Mathur | Jul 26, 2022 | FAQ, Human Resources, Uncategorized

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

by Vishuka Mathur | Jul 26, 2022 | Benefits, Employee Benefits, FAQ, Financial Wellbeing, Human Resources, Program Management, Student Loan Assistance, Student Loan Repayment, Winning Together

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]

by Vishuka Mathur | Jul 19, 2022 | Benefits, Employee Benefits, Financial Wellbeing, Retaining Talent, Student Loan Assistance, Student Loan Debt, Winning Together

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

by Vishuka Mathur | Jul 19, 2022 | Employee Benefits, Employee Engagement, Financial Wellbeing, Human Resources, Student Loan Assistance

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?

by Tatum Pugh | Dec 15, 2021 | Decisions, FAQ, Plan Design, Qualified Loans, Student Loan Balance, Student Loan Debt, 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...

Student loan holiday ending soon [updated]

by David Aronson | Oct 29, 2021 | Uncategorized

This was originally posted on Oct 29, 2021 and was updated on August 25th, 2022 Starting in January of 2023 student loan servicers are expected to resume the monthly collection of payments from roughly 45 million borrowers. Whoa?! That's going to be a shock for a lot...