On August 1st, the fresh state partnered having Peanut Butter to help you launch a first-of-its-kind education loan payment program


  • Clinton Area Chamber from Commerce
  • visitclintoniowaClinton Discussion & Everyone Agency
  • DeWitt Chamber and you can Advancement Organization
  • iowaeconomicdevelopmentIowa Economic Advancement Expert
  • Illinois Economic Innovation Connection

Clinton County Iowa try following through to help with the fresh monetary fitness from article-additional educated some body inside their groups from the helping would and you may shell out away from student education loans.

NOTE: A press event has been scheduled for Wednesday, , inside the Clinton County Administration Building at 1900 N 3rd Street, Clinton, IA 52732.

Clinton Condition Iowa could well be and come up with a contribution out-of $30 30 days so you’re able to the latest citizens whom sign up with Peanut Butter. Most other groups and you can employers in your neighborhood also have inserted brand new program, incorporating the contributions. Other performing teams include the locations regarding Clinton, Camanche, and Dewitt, additionally the Clinton Neighborhood College Area, Camanche Society School Area, and you will Main DeWitt Society College or university Section.

Since eligibility standards and you will share numbers vary, such sponsorships shall be complementary to one another. Particularly, a unique resident regarding Camanche just who lifetime inside Clinton Condition and you will really works during the Camanche Neighborhood School Section could be eligible to receive $29 four weeks about urban area, $29 four weeks regarding the county, and you can $29 monthly on section to own a maximum of $ninety inside benefits paid down so you can their/the lady student loans.

Clinton State features understood student debt as a serious issue for the school-knowledgeable skill that will drive their benefit give, and it is following through to attract men and women experts.

“We understand one reversing Clinton County’s population refuse can benefit our income tax feet,” said Eric Van Lancker, Clinton County Auditor. “We understand there is not an individual, enchanting solution to fixing this issue, so we have been focusing on several outside-the-box suggestions. Drawing men and women to are now living in Clinton Condition through a student loan incentive is a notion i wanted to make-work. We plus identified quickly that individuals needed to express this along with other political agencies inside Condition to make it way more valuable. Today, the audience is really thrilled so you can announce which connection to offer this unique people system.”

Now, more forty five billion People in america keep more than $step one.5 trillion inside the college loans , as well as of numerous, your debt is debilitating. Because the 2006, growth in pupil loans possess outpaced home income because of the more 3x . Studies have constantly cited one student financial obligation are staying individuals from marriage , to order autos , to shop for home , and protecting to own old age – all of the major lifetime incidents one to associate having a partnership to a good neighborhood.

Into the Iowa by yourself, 63% from school graduates with each other keep $12.5 mil for the college loans, an average of $29,859 per borrower, and you may a rise regarding 77% during the last 10 years , based on Experian’s 2019 statement. Because education loan guidance programs in Clinton Condition have a tendency to service Iowans, they improves the chance for companies in the area to attract specialists from surrounding claims and you may out of around the world.

“Scholar financial obligation is a major burden on the college or university-educated gurus, and they’re very likely to wade places that they discover help for this,” extra David Aronson, President regarding Peanut Butter. “Empathetic, market-leading, and you can imaginative organizations, such as for instance the people within the Clinton State, are recognizing one, by giving direction, might focus high individuals who spur economic growth and development.”

Scholar obligations try a major financial stressor. Considering Inc, new #step 1 aim of millennials is simply to get out out-of personal debt . Courtesy their dedication in accordance with contributions from Clinton State organizations, professionals pays off their debt decades before, releasing these to follow most other lives wants.

“The latest Clinton Local Innovation Corporation stays focused on the organization out of a talented staff members.” told me Andy Sokolovich, Current Industry Manager during the Clinton Regional Advancement Business. “Not only will the Clinton State Education loan Assistance Program serve just like the an interest equipment, but it may also sign up to a current narrative concerned about the necessity of back into your own society following article-secondary education. Consider, when you have children out of from the university otherwise vocational education, they’ll be eligible for the application up on their return to Clinton State. Help us offer him or her back!”

Employers interested in joining this effort to attract college-educated talent to Clinton County and their companies are encouraged to contact Peanut Butter to set up their Student Loan Assistance program, (800) 913-6651, or visit getpeanutbutter.

On the Clinton Condition
Clinton County is located on the east side of Iowa bordered by the Mississippi River. Its County seat is Clinton, Iowa. The County’s population is estimated at 46,518 and its median household income is $50,729 .

About Clinton County Local Innovation
The Clinton Regional Development Corporation (CRDC) leads the effort to enhance the business climate and support primary employment investment decisions. Serving a
bi-state region, the CRDC provides economic development services to Low Moor, visit this link Camanche, and Clinton, Iowa, as well as Albany, Fulton, and Thomson, Illinois. Clinton County, Iowa represents the largest segment of our region with an estimated labor force of 23,000.

Throughout the Peanut Butter
Peanut Butter? helps organizations offer Student Loan Assistance as an employee benefit. Organizations partnered with Peanut Butter are able to hire faster, retain talent longer, and improve diversity, all while making a positive impact on employees’ financial future. Peanut Butter Inc is a Chicago-based benefit administrator trusted by employers and organizations across North America.

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