Your company doesn’t need to offer 529 college savings plans, and if you must, get the program free from your state

by Joe Kwasniewski | May 13, 2024 | 529 Savings Plan, Benefits, Decisions, Differentiation, Employee Benefits, Employee Engagement, Recruiting, Retaining Talent, Student Loan Assistance, Student Loan Repayment, Tax-free, Workplace diversity

Employers have continued to explore a wide array of benefits, especially as the war for top talent has continued to become increasingly more difficult. 529 college savings plans are one option employers consider for a few reasons. For one, to create a commonplace for...

The most effective ways to offer Student Loan Assistance

by Joe Kwasniewski | Dec 6, 2023 | Benefits, Decisions, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Human Resources, Recruiting, Retaining Talent, Student Loan Assistance, Winning Together

Student Loan Assistance has emerged as one of the most highly sought after benefits for employees headed into 2024. With the combination of federal student loan payments resuming in October and no large-scale government forgiveness, the US workforce is feeling the...

Think twice before paying someone to help you (or your employees) apply for loan forgiveness

by Joe Kwasniewski | Sep 8, 2023 | Benefits, Decisions, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Student Loan Assistance, Student Loan Repayment

Loan forgiveness through government programs has, and always will remain a hot topic in the media. Specifically, Public Service Loan Forgiveness (PSLF). This program is handled by the the department of education and borrowers may only apply at studentaid.gov. Once...

[PYMNTS] Businesses Offering Student Loan Help to Gain Recruitment Edge

by Joe Kwasniewski | Sep 1, 2023 | Benefits, Decisions, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Finding Talent, Human Resources, Recruiting, Student Loan Assistance, Student Loan Debt, Student Loan Repayment

In a recent article from PYMNTS, Student Loan Repayment was highlighted as a unique way for employers to attract talent. It was cited that nearly 70% of college graduates believe their student debt will influence career choices. It also highlights the fact that 3x...

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...

President Biden’s Student Loan Relief Plan: What Does It Mean For You?

by David Aronson | Aug 25, 2022 | Benefits, Decisions, Employee Benefits, Employee Engagement, FAQ, Financial Planning, Insights, Retaining Talent, Student Loan Assistance, Student Loan Balance, Student Loan Debt, Student Loan Repayment, Uncategorized, Winning Together

***Updated December 7, 2022*** On Wednesday, August 24, 2022, the White House announced President Biden’s Student Loan Relief Plan. The three-part plan includes: $10,000 of potential debt reduction for federal loan borrowers and the payment holiday’s end (hereafter...