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...

Bipartisan, bicameral action toward pre-tax treatment of Student Loan Repayment — but don’t wait

by David Aronson | Feb 12, 2019 | Government Relations

Over the past few days in Washington, D.C., a bi-partisan group comprising 20 percent of the members of the U.S. Congress introduced the Employer Participation in Repayment Act. If passed, the legislation will save companies approximately 10 percent of the cost of...

Powerful member of Congressional Ways & Means Committee visits Peanut Butter HQ to talk student debt

by Philippe Melin | Aug 19, 2017 | Government Relations, Winning Together

Illinois Congressman Danny Davis visited Peanut Butter to learn about our efforts to help employers offer Student Loan Assistance. Peanut Butter CEO David Aronson led off our event by introducing how Peanut Butter is helping leading employers across the country offer...

Peanut Butter proposes to Congress a deficit-neutral approach to student debt legislation

by Philippe Melin | Aug 7, 2017 | Government Relations

Momentum continues to build in Congress for legislation that can help millions of workers with student debt and their employers. Congressman Rodney Davis reported to us that he and his partners have secured 91 co-sponsors to The Employer Participation in Student Loan...

Congress can help bring student debt assistance to small business employees & lower income workers

by Philippe Melin | Apr 27, 2017 | Government Relations

National student Loan debt is $1.4 trillion with an 11.2 percent delinquency rate.  Studies show that the American dream is delayed for many young workers relative to previous generations because of student debt: home purchasing is delayed; retirement savings is...

Leading states are considering tax benefits for employers who participate in student debt assistance

by Philippe Melin | Apr 11, 2017 | Government Relations

Midwestern states of Illinois, Wisconsin, South Dakota, Iowa, Michigan and Minnesota are all among the top half of states in the country with high student-loan indebtedness, according to a study published in 2016 by WalletHub. One Minnesota State Senator Jeffrey...