Peanut Butter Feature to Know: Employee Loan Verification

When thinking about Student Loan Repayment for employees, companies are commonly curious about the criteria considered when Peanut Butter verifies individuals student loan information during their enrollment process.

As an employee links or provides their student loan information, we verify a few different key factors which include; Is this a student loan? Does the loan have a balance? Is the loan in the employees’ name as the borrower? Is this a US based student loan servicer? Is the loan in good standing, with complete payment details? Typically this information is verified instantaneously and borrowers are sent off to the races to participate in their companies program. If additional information is needed based on plan criteria, a Peanut Butter representative will get in touch with the participant in order to obtain this information and complete that individual’s benefits enrollment.

To learn more about other employer and employee features of our programs, visit our pick-a-plan page at