by Vishuka Mathur | Jul 26, 2022 | Benefits, Employee Benefits, FAQ, Financial Wellbeing, Human Resources, Program Management, Student Loan Assistance, Student Loan Repayment, Winning Together
Peanut Butter’s Online Help Center helps answer your questions about our program without having to send an email or make a call. It contains a collection of articles that help employers and employees get answers to any questions about the Student Loan Repayment...
by Joe Kwasniewski | Aug 4, 2023 | Employee Benefits, Employee Engagement, Financial Wellbeing, Plan Design, Program Management, Student Loan Assistance, Student Loan Debt, Student Loan Repayment
In a recent post on the senate’s government website, senators Mark Warner (D-VA), and John Thune (R-SD) urged the IRS to promote educational assistance programs like Student Loan Repayment. The piece highlights the 2020 legislation allowing employers to offer the...
by Tatum Pugh | Mar 15, 2016 | Insights
Did you know that the average B.A. graduate is saddled with over $29,000 in debt at graduation? Or that without employer contribution or refinancing, an undergraduate degree holder with an average debt and payment plan will wind up paying almost $10,000 in just...
by Tatum Pugh | Apr 4, 2016 | Insights
Aside from mortgages, what is the most common source of debt in the US? No, it’s not credit card debt, nor is it auto loan debt. You may have guessed from the title of this post, it’s student loan debt, which now totals over 1.3 trillion dollars in the...
by Philippe Melin | Apr 7, 2017 | Government Relations
Federal legislators are working with Peanut Butter to develop and advance legislation that provides incentives to employers that assist workers with student debt. When Representative Robert Dold introduced his legislation at a press conference at Peanut Butter’s...
by Andrew Bordewick | Apr 25, 2016 | Government Relations
Congressman Rodney Davis (R, IL-13) visited 1871, Chicago’s entrepreneurial hub for tech startups on March 4, 2016 to meet with Peanut Butter CEO David Aronson. The topic of the meeting was student loan debt in the U.S., and potential solutions for the $1.3...
by Tatum Pugh | Jan 22, 2019 | Decisions, Financial Wellbeing, Insights, Student Loan Debt
Student loans can be hard to understand and often times borrowers can be unclear on the exact differences between various types of loans. However, it’s extremely important that borrowers continue to seek out additional understanding in order to make the...
by Philippe Melin | Apr 3, 2017 | Government Relations
There are few things on which the political parties agree these days. It was, therefore, a rare moment of bipartisanship last month when Republican Rodney Davis of Illinois and Democrat Scott Peters of California joined together in the U.S. Capitol to introduce the...
by Tatum Pugh | Apr 6, 2016 | Press Room
What is the social cost of the student debt crisis? A recent article in Crain’s Chicago Business explores this topic by looking into the lives of those most affected by it. It looks at people like Carolyn Raleigh, a new mother whose debt taken on a life of its...
by Joe Kwasniewski | Nov 6, 2023 | Benefits, Differentiation, Employee Benefits, Employee Engagement, Financial Wellbeing, Human Resources, Student Loan Assistance, Student Loan Balance, Student Loan Debt, Student Loan Repayment, Winning Together
As we round out 2023, student debt is playing a much bigger role than it did in years past in the lives nearly 50 million Americans. Today, the average borrower owes right around $30,000 toward their student loans, and this number will only continue to grow year by...