American Financial Benefits Center: Talking to Your Children About College Costs Early May Pave Way for Good Decisions

EMERYVILLE, Calif., Feb. 27, 2018 /PRNewswire/ -- Not all college-bound kids are created equal. Some kids may be nonchalant about where they go to college and just want to go anywhere. Others may be dreaming about a particular college since before they even step foot in high school. No matter the case, talking to kids frankly about the cost of college—especially talking to them early—may help manage expectations. American Financial Benefits Center (AFBC), a document preparation company that helps student loan borrowers apply for and maintain enrollment in federal repayment plans, encourages borrowers to talk to their kids about college costs early.

"Preparing your kids a few years in advance with realistic expectations for college costs is important, especially when you yourself have student loans," said Sara Molina, Manager at AFBC. "We don't want to discourage kids from pursuing their college dreams, but it's key to make sure they aren't in the dark when it comes to things like financial aid and loans."

Discussions about college costs can include: realistic estimates about parents' contribution, lower- and higher-cost college options, and what it means to take out student loans. Current student loan borrowers can pass on any wisdom they've gleaned about loans to their kids. After all, many borrowers confess they didn't quite know what they were getting into when they took out college loans as teenagers.

Parents of college-bound children can nip these problems in the bud by discussing college at least a year or two before their child even applies, as well as do research with their children about which grants and scholarships may be available that might cut sticker-price tuition down significantly.

Parents can also talk to their kids about student loan repayment options like income-driven repayment, which AFBC clients utilize in order to keep their payments affordable. AFBC has assisted their clients with applications for income-driven repayment plans and continues to support them with assistance regarding yearly recertification, among other services.

"At AFBC, we aim to provide excellent service to our clients so they can trust our expertise when it comes to student loans and repayment," said Molina. "In the same way, we hope they can pass their knowledge on to their children about what they have learned about financing an education and good financial habits."

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.

AFBC is a member of the Association for Student Loan Relief (AFSLR), and each representative on the phone has received the Certified Student Loan Professional certification through the International Association of Professional Debt Arbitrators (IAPDA).

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]

Related Links

AFBC home page

SOURCE American Financial Benefits Center

Related Links

https://afbcenter.com