AFBC: Johns Hopkins University May Have Just Done Away With Student Loans for Good

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Nov 29, 2018, 08:00 ET

EMERYVILLE, Calif., Nov. 29, 2018 /PRNewswire/ -- Not everyone can rely on scholarships to take them through school. Instead, most will have to rely on student loans to attend college, which repaying those often takes far longer than advertised as taking and costing more money. American Financial Benefits Center (AFBC), a document preparation service company that has helped many struggling student loan borrowers apply for certain federal student loan repayment programs, says that a recent donation may make a world of difference for students hoping to avoid student loans.

At Johns Hopkins University in Baltimore, more students than ever before will have a chance to utilize scholarships to attend college, as former New York City Mayor Michael Bloomberg has announced that he will donate an unprecedented $1.8 billion to his former college. The previous largest donation to an educational institution was made by the Bill & Melinda Gates Foundation in 1999 to the tune of $1 billion over 20 years. The donation by Bloomberg, one of the world's richest people, will give the university a chance to move away from the students' ability to pay tuition and towards their ability to perform academically to determine admission. "It takes assistance from all varieties of groups and people to help fight the student loan crisis that America currently faces. The more help, the better," said Sara Molina, manager at AFBC.

The donation was only recently announced, so it will likely take a while before it is given and students can begin receiving the benefit of such a wonderful gift. Not all college attendees will be able to benefit from this donation, though. Even previous students from Johns Hopkins may not see a direct benefit from this event and will have to continue with student loan repayment. Struggling with student loan repayment is something all too many Americans have to deal with. AFBC has helped thousands of student loan borrowers apply for federal income-driven repayment plans that have potentially lowered their monthly payment and gotten them on track for student loan forgiveness after 20-25 years of being in the program. "We believe student loan repayment shouldn't have to be a struggle. That's why we're so committed to helping our clients better their loan situation how we can and through the yearly recertification process," said Molina.

About American Financial Benefits Center

American Financial Benefits Center is a document preparation company that helps clients apply for federal student loan repayment plans that fit their personal financial and student loan situation. Through its strict customer service guidelines, the company strives for the highest levels of honesty and integrity.

Each AFBC telephone representative has received the Certified Student Loan Professional certification through the International Association of Professional Debt Arbitrators (IAPDA).

American Financial Benefits Center Newsroom

Contact

To learn more about American Financial Benefits Center, please contact:

American Financial Benefits Center
1900 Powell Street #600
Emeryville, CA 94608
1-800-488-1490
[email protected]

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SOURCE American Financial Benefits Center