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

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

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

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

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...
Peanut Butter Insights: How do I know an eligible employee is making their monthly payment?

Peanut Butter Insights: How do I know an eligible employee is making their monthly payment?

Many times in discussions with existing and potential clients, a common question that comes up is regarding skin in the game for employees receiving a Student Loan Repayment benefit. Furthermore, how would they know an eligible employee is making their minimum monthly...
Peanut Butter Insights: How many of your employees have student loans?

Peanut Butter Insights: How many of your employees have student loans?

One of the most common questions we get from employers during discussions regarding Student Loan Assistance is, ‘How many of my employees likely have student debt?’ This post breaks down our answer to that question and the expectation employers should have...
Peanut Butter Insights: Should employers conduct enrollment at the same time as their health plan enrollment?

Peanut Butter Insights: Should employers conduct enrollment at the same time as their health plan enrollment?

During our discussions with potential clients. A common question that comes up is when employers should offer Student Loan Assistance during the calendar year, and should this timeline align with their health plan open enrollment? What we’ve found, is that it is...
What should employers keep in mind when designing their Student Loan Assistance plans?

What should employers keep in mind when designing their Student Loan Assistance plans?

When discussing the set-up of a Student Loan Assistance program with clients, there’s always a few recommendations we have for employers on what should be top of mind. In this post, we’ll outline these key elements in three rules of thumb. In our...