Explanation of Benefits
Welcome video and full explanation of program.
Employees track contributions on their dashboard.
Employees can view modeled-out repayment scenarios.
Email and phone support during and after enrollment.
Organize their loans and view up-to-date information.
Identify and implement money-saving tactics.
We made lenders compete so borrowers get a great deal:
- Get quoted in minutes
- See rates without a hard credit pull
- Access more than 20 national and community lenders
Our library helps borrowers understand student debt:
- Federal and private loan guidelines
- Payment options, consolidation, and government programs
- Special offers and discounts
Curated portal of free services and preferred rates from paid advisors.
Employers & employees win with Student Loan Repayment.
“Student Loan Assistance is a huge recruiting tool for us…it’s been a boon for us finding talent.”
Scott Conine, Chief Operating Officer at Rise Interactive
“We are seeing stronger employee retention in the population enrolled with Peanut Butter than the population without. We are also seeing more candidates come through our door!”
Elena M., Compliance and Regulatory Manager
“There has been virtually zero turnover of those participating in [our Student Loan Assistance program].”
Mike Ceretto, Vice President of People and Performance at Medix
“Each month when I get that email…and I know that I’m just a little bit closer, to paying off that loan – it definitely puts a pretty big smile on my face.”
Daniel Ripes, Vice President of Partnerships at Rise Interactive
“I was able to pay off my student loan about six months earlier than originally anticipated. Who doesn’t like a contribution towards repayment of their student loan? I just wish our company had introduced this sooner.”
Peanut Butter User
“We’re increasingly looking to meet our employees where they are, and offer them the benefits that they think are actually valuable, and that they’re going to appreciate, and that is going to make them more inclined to work at 1871 and be a part of what we’re doing here.”
Tom Alexander, Chief Operating Officer at 1871