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Peanut Butter Reviews & Product Details - Page 8

Peanut Butter Overview

What is Peanut Butter?

Peanut Butter makes it easy for employers to offer student loan assistance as a benefit. Companies of all sizes look to Peanut Butter to administer student loan repayment plans and to provide employees with resources to manage student debt. When employers help, everyone wins! Employees get out of debt faster, companies are able to reduce days to hire, extend employee tenure, improve diversity, and increase engagement.

Peanut Butter Details
Product Website
Languages Supported
English
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Product Description

Peanut Butter administers student loan assistance programs to help employers attract, retain, and engage college-educated talent.

How do you position yourself against your competitors?

Peanut Butter is an independent benefit administration company build from the ground-up to make it easy for employers to offer Student Loan Assistance. Our singular focus is on the administration of this benefit and making it easy for employers to implement.


Seller Details
Company Website
Year Founded
2015
HQ Location
Chicago, ILLINOIS (IL)
Twitter
@peanutbutterget
636 Twitter followers
LinkedIn® Page
www.linkedin.com
13 employees on LinkedIn®
Description

Peanut Butter helps employers provide the top benefit desired by college-educated talent: student loan assistance in the form of resources and repayment plans. In doing so, Peanut Butter enables employers to reduce hiring timelines, increase employee tenure, and improve diversity, all while making a positive impact on employees’ financial futures. By providing personalized and easy-to-use resources to both the employer and the employee, Peanut Butter offers a service that is both financial wellness-forward and meaningful to everyone involved.


David A.
DA
Overview Provided by:
CEO, Peanut Butter Student Loan Assistance

Recent Peanut Butter Reviews

Verified User
U
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Seamless"
Once registered, everything happened automatically. Easiest process ever!
Junon J.
JJ
Junon J.Mid-Market (51-1000 emp.)
5.0 out of 5
"Peanut Butter has aided me in paying off my student loans completely."
It was easy to use and easy to sign up. With me still paying the minimum, it made my goal both achievable and attainable.
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
5.0 out of 5
"Helped me pay off my loans 3 months early"
It was easy to set up, and once set up, it took care of itself. My extra payments helped keep the interest down, and I was able to close out my loa...
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Peanut Butter Media

Peanut Butter Demo - Peanut Butter Employer Experience
Employer Dashboard
Peanut Butter Demo - Peanut Butter Employer Experience
Employee Info Page
Peanut Butter Demo - Peanut Butter Employer Experience
Company Info Page
Peanut Butter Demo - Peanut Butter Employer Experience
Communications Toolkit
Peanut Butter Demo - Peanut Butter Employee Experience
Employee Invite
Peanut Butter Demo - Peanut Butter Employee Experience
Employee Loan Linking
Play Peanut Butter Video
Play Peanut Butter Video

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Video Reviews

125 Peanut Butter Reviews

4.9 out of 5
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125 Peanut Butter Reviews
4.9 out of 5
125 Peanut Butter Reviews
4.9 out of 5

Peanut Butter Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for Peanut ButterQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Joseph H.
JH
Founder & CEO
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Peanut Butter?

I loved how easy it was to set up peanut butter as a benefit for our employees. As a growing startup, Peanut Butter was quicker, cheaper, and easier to set up than a 401k and it has helped us attract a diverse range of talented folks to our team. Review collected by and hosted on G2.com.

What do you dislike about Peanut Butter?

It's nearly impossible to find anything we dislike. Review collected by and hosted on G2.com.

Recommendations to others considering Peanut Butter:

Do it! It's awesome. Review collected by and hosted on G2.com.

What problems is Peanut Butter solving and how is that benefiting you?

We want to empower as many people to consider working for us and having a student loan repayment benefit not only encourages people to join our team, but empowers them to stay longer as they are getting a more multidimensional offering from us that goes beyond salary, healthcare, etc. Review collected by and hosted on G2.com.

Response from David Aronson of Peanut Butter

Thanks for sharing this, Joseph. We strive to make our communications toolkit easy to use. Glad to hear that Peanut Butter served as an efficient and simple way to show your diverse employees that you care about them. P.S. Sorry for the late reply. I just learned that we can respond to reviews on G2.

Verified User in Financial Services
UF
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Peanut Butter?

The fact that companies are stepping up to help with the financial crisis of student loans. This is a detrimental dilemma that needs to be addressed and being able to receive assistance with repaying the loans is phenomena. Review collected by and hosted on G2.com.

What do you dislike about Peanut Butter?

I have not experienced any downside of the program. The staff has been very helpful with setting the repayment assistance. The only issue I would comment on is that the monthly payment should increase, but I am assuming that this is the decision of the employer and not Peanut Butter. Review collected by and hosted on G2.com.

Recommendations to others considering Peanut Butter:

Continue to grow and expand. This type of assistance is so greatly needed. Review collected by and hosted on G2.com.

What problems is Peanut Butter solving and how is that benefiting you?

Being able to eliminate student loan deb is a great benefit in many ways. Student loan debt is a huge burden. It appears on the credit report effecting future purchases, has unreasonable monthly payment plans and hinders one from being able to save financially. Review collected by and hosted on G2.com.

Response from David Aronson of Peanut Butter

Appreciate you sharing this! Student loan is indeed a huge burden. I'm glad that your company's contributions made a difference for you. Also happy to hear you benefited from our Refinancing Marketplace and phone support. P.S. Sorry for the late reply. I just learned that we can respond to reviews on G2.

LD
Total Rewards Manager
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Peanut Butter?

1. Ease of Use 2. Positive EE feedback 3. Amazing Customer Service. I love how I don't have stay on-top of this vendor. Meaning the self-manage and stay on-top of things as promised. Other vendors, require so much managing you almost want to bring it back in-house. Review collected by and hosted on G2.com.

What do you dislike about Peanut Butter?

Nothing so far. David Aronson takes excellent care of us. I wish all of our vendors were this easy. Review collected by and hosted on G2.com.

Recommendations to others considering Peanut Butter:

Consider the ease of administration over the price. You'll end up saving money and frustration in the long run by reducing your admin time and dollars. Also David Aronson provides white glove service. It's not just during the sales and implementation phase but on-going as well. Review collected by and hosted on G2.com.

What problems is Peanut Butter solving and how is that benefiting you?

Attracting and retaining top talent by helping to pay off their student loans. Review collected by and hosted on G2.com.

Response from David Aronson of Peanut Butter

Glad to hear that Peanut Butter served as simple way for you to show that you value your talented employees. We strive to make our implementation process and HR support effective! P.S. Sorry for the late reply. I just learned that we can respond to reviews on G2.

EV
County Auditor
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Peanut Butter?

The program we were setting up through public entities was unique. Peanut Butter was super patient and helpful while we built and launched this one-of-a-kind program. They were also great partners when it came to the launch and promotion of our program. Review collected by and hosted on G2.com.

What do you dislike about Peanut Butter?

We have not yet encountered any issues with Peanut Butter. Review collected by and hosted on G2.com.

What problems is Peanut Butter solving and how is that benefiting you?

Being a unique program, we were able to work through several issues that included many partners. Peanut Butter was great at listening to what were trying to achieve and making it happen. Review collected by and hosted on G2.com.

Response from David Aronson of Peanut Butter

Glad to hear that Peanut Butter served as simple way for you to show that you value your talented employees. We strive to make our HR support effective! P.S. Sorry for the late reply. I just learned that we can respond to reviews on G2.

Emma P.
EP
Recruitment Coordinator
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Peanut Butter?

I really like how user friendly the site is to navigate. Having a student loan is pretty awful, but Peanut Butter makes it so much! My favorite part of the month is getting the email letting me know how many days I have taken off of my loan. When I was interviewing for my job and they mentioned that student loan assistance was an option I was sold. Review collected by and hosted on G2.com.

What do you dislike about Peanut Butter?

I don't think there are any downsides- everything has worked really well for me! Review collected by and hosted on G2.com.

Recommendations to others considering Peanut Butter:

Peanut Butter is a great selling point for potential new hires for any company. During my interview process I was very excited to hear that this was something that my company was offering. Great selling point! Review collected by and hosted on G2.com.

What problems is Peanut Butter solving and how is that benefiting you?

Impacting my student loans is my #1 priority theses days. Every month and payment counts and I am happy that I have a resource like Peanut Butter helping me out. My company likes to highlight the employees that have recently paid off their student loans with Peanut Butter each quarter. Review collected by and hosted on G2.com.

Response from David Aronson of Peanut Butter

Thanks for sharing this, Emma! We strive to make our digital enrollment process simple and easy. Happy to hear you also enjoyed our Contribution Tracking and financial wellness tools. P.S. Sorry for the late reply. I just learned that we can respond to reviews on G2.

Verified User in Education Management
UE
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Peanut Butter?

It's a great benefit to have my employer make a monthly contribution towards my student loan debt. It's easy, automated & (almost) free money! I've continued my regular payments and am now chipping away at more and more principal each month. Review collected by and hosted on G2.com.

What do you dislike about Peanut Butter?

It's worth noting that you are taxed as income on whatever amount your employer contributes towards your loan, but for me, the benefits of the program outweigh this cost. Review collected by and hosted on G2.com.

What problems is Peanut Butter solving and how is that benefiting you?

The program has allowed me to contribute more overall per month to my loans. I'm paying more principal and will pay off my loans sooner! Review collected by and hosted on G2.com.

Response from David Aronson of Peanut Butter

We appreciate you sharing this. I'm glad that your company's contributions made a difference for you...even if contributions are taxed! Many of our clients continue to offer taxable contributions and in 2020 a new option emerged for employers to offer their programs tax-free when the program meets certain compliance requirements. P.S. Sorry for the late reply. I just learned that we can respond to reviews on G2.

Verified User in Pharmaceuticals
UP
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Peanut Butter?

We needed help to start her on her path to paying her own bills, and the Peanut Butter monthly deposit really got her motivated, I was happy that I was able to help her through this program. Review collected by and hosted on G2.com.

What do you dislike about Peanut Butter?

I really wish Peanut Butter was able to help my other child, who also is in debt. I am an older father, and I'm being laid off, so any additional help would have been greatly appreciated. Review collected by and hosted on G2.com.

What problems is Peanut Butter solving and how is that benefiting you?

I think all of the people participating are pleased that our company added this to our benefits. Review collected by and hosted on G2.com.

Response from David Aronson of Peanut Butter

We appreciate you sharing this. Glad our Refinancing Marketplace helped your daughter pay off her student loans faster! P.S. Sorry for the late reply. I just learned that we can respond to reviews on G2.

Verified User in Wine and Spirits
UW
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Peanut Butter?

IT MAKES ME FEEL LIKE MY COMPANY CARES TO TAKE CARE OF THEIR PEOPLE ESPECIALLY IF THE SALARY ISNT THE MOST COMPETITIVE THING IN THE MARKET. IF I WANT MORE MONEY AS A MILLENNIAL IN THE WORKFORCE NOW SADLY MORE THAN HALF OF IT IS SO I CAN TAKE CARE OF RESPONSIBILITES LIKE PAYING OFF MY STUDENT LOAN SO IF I CAN BE OFFERED THAT, I'M GRATEFUL. Review collected by and hosted on G2.com.

What do you dislike about Peanut Butter?

THAT IT GOES STRAIGHT TO THE LOAN LENDER AND CANT BE APPLIED TO A SPECIFIC LOAN. I HAVE TO CALL AND MOVE IT AROUND WITH THE LOAN LENDER MANUALLY EACH TIME. Review collected by and hosted on G2.com.

Recommendations to others considering Peanut Butter:

HAVING IT IS BETTER THAN NOT HAVING ANYTHING AT ALL Review collected by and hosted on G2.com.

What problems is Peanut Butter solving and how is that benefiting you?

COVERING SOME OF THE INTEREST OR PAYING OFF PAYMENTS IN ADVANCED ESPECIALLY WHEN MOST TIMES IM IN DEFERMENT OR FOREBERANCE. Review collected by and hosted on G2.com.

Response from David Aronson of Peanut Butter

We appreciate you sharing this. I'm glad that your company's contributions made a difference for you. We strive to make our Refinancing Marketplace give you easy access to lender options. While some loan servicers don't allow payments to be sent to a certain loan, some loan servicers do. Ultimately it comes down the loan agreement between the borrower and lender. In Peanut Butter, you'll find an action item regarding Payment Targeting that explains this concepts and provides you with resources to help guide your loan servicer on how you'd like excess payments applied. P.S. Sorry for the late reply. I just learned that we can respond to reviews on G2.

Mandy T.
MT
Human Resources Coordinator
Human Resources
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Peanut Butter?

Student debt is a major crisis, so offering a way to lower that debt and help pay off you student loans is a huge benefit! Review collected by and hosted on G2.com.

What do you dislike about Peanut Butter?

I don't qualify for the program, but I am so happy for those that do. Review collected by and hosted on G2.com.

What problems is Peanut Butter solving and how is that benefiting you?

Our employees who are in student loan debt. This is a huge perquisite to offer employees, especially in today's society. To have the weight lifted and have your work investing in paying off your debt shows how much they care and how important you are to the company! Review collected by and hosted on G2.com.

Response from David Aronson of Peanut Butter

Appreciate you sharing this, Mandy! Glad to hear that Peanut Butter served as an efficient and simple way for you to show that you value and care about your talented employees. P.S. Sorry for the late reply. I just learned that we can respond to reviews on G2.

CB
Associate Dean of Faculty
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Peanut Butter?

I like how easy it is to use Peanut Butter to review loan information. I like the Dashboard feature and the Action List! The "My Loans" tab is great because you can enter in information and see how it impacts the status of your loan. Review collected by and hosted on G2.com.

What do you dislike about Peanut Butter?

N/A - Peanut Butter has been easy to use and helpful as I pay down my loans. Review collected by and hosted on G2.com.

What problems is Peanut Butter solving and how is that benefiting you?

I think that Peanut Butter has helped me realize how I can pay off my student loan faster. The tools on the "My Loans" tabs offer visually helpful graphs and charts that can be used to project the status of my loan based upon specific actions that I may take to reduce the time (and interest paid) on the loan. Review collected by and hosted on G2.com.

Response from David Aronson of Peanut Butter

Thanks for sharing this, Carrie! We strive to make our student loan repayment plans and Action List easy and effective. I'm glad that your company's contributions made a difference for you. P.S. Sorry for the late reply. I just learned that we can respond to reviews on G2.