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In the news

Making Student Debt Less Sticky

By Howard Tullman

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More companies want to pay off your student loan debt

By Danielle Paquette

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Peanut Butter, a perk that sticks with employees and might spread

By Neil Steinberg

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Finding Hidden Treasures In Employee Benefits

By Dorothy Tucker

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Peanut Butter wants to help your boss pay off your student loans

By Meg Graham

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The Hottest New Employee Benefit: College Loan Aid

By John Wasik

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A startup for you debt-burdened millennials

By Ari Bendersky

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The Opening Bell 6/27/19: The Positive/Negative Ripple Effect of Canceling Student Debt

By Bennett Wakenight

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Latest blog articles

Keeping Retirement Plans and Student Loan Assistance separate create the best outcome for employers and their teams

by | November 12, 2024 | Benefits, Decisions, Differentiation, Employee Benefits, Financial Wellbeing, Human Capital, Human Resources, Insights, Plan Design, Program Management, Student Loan Assistance, Student Loan Debt, Student Loan Repayment | 0 Comments

It has now been close to a year since the Secure Act 2.0 was approved and options were added for employers to tie their retirement plans to other programs like Student Loan Assistance. In our experience, this hasn’t been taken up as a common approach for employers....
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Is the SAVE Student Loan Repayment plan making a difference for your employees?

by | November 12, 2024 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Features, Financial Wellbeing, Government Relations, Human Resources, Plan Design, Student Loan Assistance, Student Loan Balance, Student Loan Debt, Student Loan Repayment | 0 Comments

Nationwide, many individuals are utilizing the SAVE plan to lower monthly payments on their student loans and in their minds putting themselves in a better position financially. The SAVE plan is income-driven and payments are altered by each unique person’s earnings....
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Private Letter Ruling Adds Unnecessary Complexity to Student Loan Assistance

by | October 11, 2024 | Benefits, Decisions, Differentiation, Employee Benefits, FAQ, Features, Human Resources, Insights, Plan Design, Program Management, Student Loan Assistance, Student Loan Repayment, Tax-free | 0 Comments

In a recent statement from the IRS, an unnamed employer received access through a private letter ruling to defer 401k matching dollars to student loans through a Section 127 plan tax-free. Similar to the private letter ruling Abbott Labs received in 2018 to count...
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Supreme Court rebuffs Biden administration plea to restore multibillion-dollar student debt plan [AP News]

by | October 11, 2024 | Benefits, Decisions, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Government Relations, Human Resources, Insights, Student Loan Assistance, Student Loan Repayment | 0 Comments

White House attempts to relieve portions of student debt the US workforce faces have continued to get struck down by the Supreme Court. Alluding to the consistent verdict that no widespread forgiveness is coming for borrowers.  In a recent post from AP News, another...
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Tax-Free Student Loan Repayment, Here to Stay

by | October 11, 2024 | Benefits, Decisions, Differentiation, Employee Benefits, Financial Wellbeing, Human Resources, Plan Design, Program Management, Student Loan Assistance, Student Loan Repayment, Tax-free | 0 Comments

First through the CARES Act in 2020, then the Consolidated Appropriations Act of 2021, and now through an in progress bipartisan bill in 2024. Tax-free Student Loan Assistance is once again making a statement to remain an option for employers looking to stand out in...
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Peanut Butter Insights: Do Employers Typically Cap Their Total Student Loan Contributions?

by | October 4, 2024 | Benefits, Decisions, Differentiation, Employee Benefits, Employee Engagement, FAQ, Features, Financial Wellbeing, Human Resources, Insights, Plan Design, Program Management, Student Loan Assistance, Student Loan Repayment | 0 Comments

In our discussions with potential clients, employers commonly ask about lifetime maximum caps on their student loan contributions for employees. Hoping to draw comparisons to other benefits. In this post, we’ll describe the best practices surrounding this concept. In...
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How long does it take to set-up a Student Loan Assistance Program?

by | September 11, 2024 | Benefits, Differentiation, Employee Benefits, Features, Human Resources, Insights, Plan Design, Program Management, Student Loan Assistance | 0 Comments

When considering Student Loan Assistance as a new benefits offering, employers commonly ask about program setup time. It’s important to understand the legwork required to get things off the ground.  When it comes to Peanut Butter programs, the quickness surrounding...
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Peanut Butter Feature to Know: What do employees agree to do as program participants?

by | July 22, 2024 | Benefits, Employee Benefits, FAQ, Features, Human Capital, Human Resources, Insights, Plan Design, Program Management, Student Loan Assistance, Student Loan Repayment | 0 Comments

When considering Student Loan Assistance, many employers are curious about what employees agree to as benefit participants. Along with their responsibilities in the program. Employees that elect to participate in a student loan repayment program with Peanut Butter...
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Combating Student Debts’ Impact on the U.S. Economy

by | July 22, 2024 | Benefits, Decisions, Differentiation, Employee Benefits, Financial Wellbeing, Human Resources, Insights, Student Loan Assistance, Student Loan Balance, Student Loan Debt, Student Loan Repayment, Winning Together | 0 Comments

As more and more college graduates enter the workforce, the ever growing total in student debt the U.S. population faces continues to increase. Combined with that also pairs the fact that wages aren’t keeping up with this debt, and the inflation our country is faced...
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Peanut Butter Insights: Employee Eligibility Criteria to Avoid

by | July 3, 2024 | Benefits, Decisions, Differentiation, Employee Benefits, Features, Human Resources, Plan Design, Program Management, Student Loan Assistance, Student Loan Repayment, Winning Together | 0 Comments

Working with nearly a thousand clients nationwide, we’ve grown as experts in eligibility criteria employers most commonly use when offering Student Loan Assistance to employees. On the flip side, we’ve also observed eligibility criteria employers should avoid.  We...
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