Why Your Company Should Offer Student Loan Repayment

by Vishuka Mathur | Sep 8, 2022 | Benefits, Employee Benefits, Employee Engagement, FAQ, Financial Planning, Financial Wellbeing, Finding Talent, Human Resources, Insights, Program Management, Retaining Talent, Student Loan Assistance, Student Loan Repayment, Winning Together

Americans hold nearly $1.75 trillion in student debt. In today’s workforce, employers are reconsidering how they approach employee benefits. In the efforts to attract and retain top talent, companies are aiming to create more appealing benefit programs. They’re...

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...

Indiana the latest state to confirm it will tax student loan forgiveness [Axois]

by Vishuka Mathur | Sep 7, 2022 | Financial Planning, Financial Wellbeing, Government Relations, Insights, Student Loan Assistance, Student Loan Balance, Student Loan Debt, Student Loan Repayment

As the Biden administration sets out to implement its student loan forgiveness plan, Indiana became the latest state Tuesday to confirm that it will tax student loan forgiveness. Several states have indicated that residents could face a state tax on the balances...

What is Peanut Butter’s support and holiday schedule?

by Vishuka Mathur | Sep 2, 2022 | FAQ, Human Resources

Peanut Butter will use commercially reasonable efforts to respond to all Helpdesk tickets within one (1) business day. Our team is available to support you Monday through Friday from 9am to 5pm CT.We are closed in observance of the following holidays: New Year’s Day...

How Biden’s Student-Debt Relief Plan Could Make Colleges More Expensive [Fortune]

by Vishuka Mathur | Sep 1, 2022 | Financial Planning, Government Relations, Student Loan Assistance, Student Loan Debt, Student Loan Repayment

After Biden announced his student loan relief plan, an economist explains how the new Income Driven Repayment (IDR) system plan will incentivize universities to increase tuition. Read the full article by Fortune here. Employers who help will reap the benefits of...

36% of US millennials say student loan debt limits home ownership [Insider]

by Vishuka Mathur | Aug 22, 2022 | Benefits, Employee Benefits, Financial Wellbeing, Retaining Talent, Student Loan Assistance, Student Loan Debt, Student Loan Repayment

Millennials today owe an average of $38,877 in student loan debt, according to an Experian consumer debt study. According to a new survey conducted by Legal & General, over one third of millennials in the US say they feel locked out of their quest to save for a...