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STUDENT LOAN REPAYMENT ASSISTANCE

Get help from your employer to pay down your student loans faster with Student Loan Repayment Assistance (SLRA).
PAY DOWN STUDENT LOANS FASTER

Your employer has partnered with ProService Hawaii to offer you this unique benefit which will help you pay down your student loans faster, plus get:

  • Free access to a refinancing marketplace
  • Free advice on loan management
  • Free personalized debt counseling
FREQUENTLY ASKED QUESTIONS

ProService Hawaii partnered with Peanut Butter to administer this benefit. If you are eligible* to participate, you will receive an email from Peanut Butter with instructions on how to apply online. Signing up is easy. Once your loan is validated, you’ll be all set to receive contributions from your employer each month.

*Note: You must meet your employer’s eligibility requirements for SLRA to receive this benefit. Please call ProService at (808) 394-3118 for more details.

SLRA includes monthly contributions from your employer towards your student loan payment and debt management resources from Peanut Butter.

When you choose to participate in the SLRA, your employer will make a contribution each month towards your student loan.

In order to verify your loan, Peanut Butter will need to confirm that:

  • You are the borrower on the loan
  • Your payment information is clear (this includes the payee and payment address)
  • There is a balance on the loan

At this time, SLRA is not a pre-tax benefit. Contributions to employee student loans are treated as ordinary or supplemental income.  Congress is considering changes to US tax laws that could allow employers to make-pre-tax contributions toward student loans in the future.

However, due to the American Rescue Plan Act, Congress has temporarily allowed this benefit to be made on a pre-tax basis until December 31, 2025. This may revert back to a post-tax basis in the near future.

No action is needed on your part.

WE'RE HERE TO HELP

Open Enrollment Hotline: (808) 394-3118

If you have questions or need assistance with your employee benefits, contact the ProService Hawaii Open Enrollment Hotline between Monday – Friday, 8am – 5pm.