What is Peanut Butter?
Peanut Butter provides employers with comprehensive student loan assistance solutions designed to enhance hiring and retention of college-educated talent. The platform enables companies to offer meaningful benefits that help employees manage and reduce their student loan debt through structured repayment programs and financial resources.
The service includes features for both employees and employers, such as loan management dashboards, refinancing marketplaces, employer control panels, and impact reporting tools. By implementing these programs, organizations can increase workplace productivity, extend employee tenure, and improve diversity while providing tangible financial support to their workforce.
Features
- Student Loan Repayment: Provide direct contributions to employee student loans with employer control panels and contribution tracking
- Student Loan Resources: Offer financial wellness tools, refinancing marketplace access, and curated advice for debt management
- Refinancing Support: Help employees refinance student loans with access to marketplace tools and rebate programs
- Employer Dashboard: Comprehensive control panel for program management, communications toolkit, and impact reporting
- Employee Portal: Loan management dashboard, financial wellness resources, and digital enrollment capabilities
Use Cases
- Employers seeking to improve employee retention through meaningful benefits
- Companies looking to attract college-educated talent in competitive job markets
- HR departments implementing financial wellness programs for employees
- Organizations aiming to increase workplace productivity and employee engagement
- Businesses wanting to offer tax-advantaged student loan assistance programs
FAQs
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How long does it take to set up a student loan assistance program?
Your program can be set up and kicked off in under an hour with a Program Initiation call. -
Is there an implementation fee for setting up the program?
No, there is no implementation fee for setting up the program. -
Are there extra charges for family members or part-time employees to use Resources?
No, each person simply counts as an employee with no extra charges for family members, part-time employees, or contractors. -
Is there a minimum charge for Repayment participation?
No, there is no minimum charge for Repayment participation. -
When might the pricing change?
Pricing is subject to change and is valid for agreements signed during the current calendar quarter.
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