Into August 1st, new county married with Peanut Butter in order to discharge an initial-of-its-form education loan cost program


  • Clinton Area Chamber off Commerce
  • visitclintoniowaClinton Conference & Everyone Bureau
  • DeWitt Chamber and you may Advancement Providers
  • iowaeconomicdevelopmentIowa Monetary Creativity Expert
  • Illinois Monetary Advancement Association

Clinton Condition Iowa is actually taking action to help with the financial health away from blog post-supplementary experienced individuals within their teams by the enabling carry out and you can shell out out of college 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 County Iowa was making a share of $31 per month in order to the new owners exactly who join Peanut Butter. Other communities and businesses in your neighborhood have also registered the latest system, including their benefits. Almost every other acting groups through the towns and cities out of Clinton, Camanche, and you will Dewitt, in addition to Clinton Neighborhood College Region, Camanche Society University Region, and you will Central DeWitt Neighborhood School Section.

As qualifications standards and share number will vary, this type of sponsorships will likely be complementary to one another. Instance, a different sort of resident away from Camanche who lifetime inside Clinton Condition and really works from the Camanche Community College or university Area will be eligible to found $30 30 days from the urban area, $29 30 days about county, and $30 monthly throughout the region for a total of $ninety in the efforts repaid so you’re able to their/the woman student loans.

Clinton County features understood beginner personal debt given that a significant situation to own the school-knowledgeable skill that will push the savings pass, and is also taking action to attract men and women experts.

“We realize you to definitely treating Clinton County’s population refuse can benefit our very own income tax feet,” said Eric Van Lancker, Clinton County Auditor. “We all know there is not one, phenomenal solution to fixing this issue, very we’ve been dealing with numerous outside-the-field records. Attracting individuals to reside in Clinton Condition thanks to a student loan incentive is actually a thought we necessary to make work. I in addition to figured out easily that individuals had a need to display which with other political organizations within the State making it more beneficial. Now, we’re most happy so you’re able to announce so it commitment to offer this unique community system.”

Now, over forty five billion Us citizens hold over $1.5 trillion inside college loans , and for of a lot, your debt has been unbearable. Given that 2006, development in pupil personal debt enjoys outpaced domestic money of the over 3x . Studies have continuously quoted you to college student debt is actually staying individuals from getting married , to shop for trucks , to purchase land , and protecting for later years – all of the big life incidents you to associate with a commitment so you can a good people.

During the Iowa by yourself, 63% regarding college or university students with each other hold $a dozen.5 million in the student loans, typically $30,859 for every single debtor, and a growth regarding 77% over the past 10 years , centered on Experian’s 2019 statement. Since the student loan advice apps from inside the Clinton Condition commonly assistance Iowans, they improves the opportunity for businesses in your community to draw specialists of surrounding says and away from nationally.

“Scholar debt are a primary load on the university-experienced professionals, and perhaps they are more likely to go areas where it discover assistance because of it,” extra David Aronson, Ceo of Peanut Butter. “Empathetic, market-best, and you can creative teams, for example the couples inside Clinton Condition, are accepting one, giving guidelines, might focus great people who encourage financial development and growth.”

Beginner obligations is actually a major financial stressor. According to Inc, the newest #step 1 aim of millennials is actually to get out off obligations . Compliment of their persistence and with benefits out-of Clinton State teams, experts will pay off their obligations years before, freeing these to realize other lifetime goals.

“This new Clinton Local Invention Enterprise remains worried about the development out-of a skilled workforce.” explained Andy Sokolovich, Established World Manager in the Clinton Regional Development Enterprise. “Not only will this new Clinton State Student loan Advice System serve as an attraction device, it may also contribute to a preexisting story concerned about the importance of back to your community after the blog post-additional education. Consider, when you have college students regarding on school or professional training, might qualify for the application form through to their return to Clinton County. Help us render them 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 County
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 .

On Clinton Condition Regional Development
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, 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.

From 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.