[CNN Business] Employers could offer you tax-free help with your student loan payments. Most are not

by Joe Kwasniewski | Sep 1, 2023 | Benefits, Differentiation, Employee Benefits, Financial Wellbeing, Finding Talent, Human Resources, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Repayment, Tax-free

In a recent post from CNN Business, tax-free student loan assistance was highlighted as a high impact solution for combatting the return of federal student loan payments for borrowers nationwide in October. The article eludes to the fact that only 8% of employers...

[Bloomberg Law] 401(k) Law’s Appeal Fades as Workers Face Student Debt Deadlines

by Joe Kwasniewski | Aug 18, 2023 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Finding Talent, Human Resources, Plan Design, Program Management, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Repayment, Winning Together

In a recent article from Bloomberg Law, the provisions in the SECURE Act 2.0 that will allow employers to treat student loan repayment like retirement plan deferrals were analyzed. The end result eluded to the fact that today’s workforce needs and prefers direct...

How student loan debt became a $1.7 trillion crisis [CNBC]

by Vishuka Mathur | Oct 13, 2022 | Employee Benefits, Financial Wellbeing, Human Resources, Recruiting, Retaining Talent, Student Loan Assistance

College graduates are drowning in debt but it didn’t have to be this way. Steadily, tuition increases have outpaced incomes forcing families to rely on student loans to help foot the bill. At this pace, “outstanding student loan debt could topple $3 trillion by 2035,”...

Large Enterprises Rate Us 5.0 Stars

by Vishuka Mathur | Oct 13, 2022 | Human Resources, Recruiting, Retaining Talent, Reviews, Student Loan Assistance

Users overall have rated Peanut Butter 4.9 out of five stars, and those from large enterprises have awarded Peanut Butter a perfect 5.0. Click the badge below to see why these users love Peanut Butter. To get started with one of our solutions,...

What to Know About Student Loan Assistance at Your Job [USNEWS]

by Vishuka Mathur | Oct 13, 2022 | Financial Planning, Financial Wellbeing, Human Resources, Recruiting, Retaining Talent, Student Loan Assistance

With so many workers carrying student loan debt, repayment assistance programs can be a valuable benefit to employees. Student loan debt is a burden that crosses generational lines, with members of all five generations – from the Silent Generation to Gen Z – carrying...

Student Loan Assistance Programs With Peanut Butter

by Vishuka Mathur | Sep 7, 2022 | 529 Savings Plan, Benefits, Decisions, Employee Benefits, Employee Engagement, FAQ, Features, Financial Planning, Financial Wellbeing, Finding Talent, Human Resources, Program Management, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Repayment, Winning Together, Workplace diversity

With the average student debt borrower holding $31.4K in student loans, it’s no surprise that it’s a leading cause of financial stress for employees. The good news is that employers can help by offering one of Peanut Butter’s Student Loan Assistance programs. Below is...