Ameritech Financial: Amid Student Loan Problems Around the Globe, U.S. Borrowers Have Repayment Options
ROHNERT PARK, Calif., March 8, 2018 /PRNewswire/ -- Student loans in the United States have become the source of much hand-wringing as collective student debt blazes past a trillion dollars and millions are having trouble paying back their loans. But are we alone in this issue? Not quite, it seems. Former students in nations such as the United Kingdom also carry quite a bit of debt as well. Americans may or may not take comfort that they have fellow student loan borrowers abroad facing similar issues. Federal student loan borrowers in the United States, however, do have possibilities regarding repayment if they are struggling. Ameritech Financial, a private document preparation company that assists borrowers in applying for and recertifying enrollment in federal repayment plans, reminds American federal student loan borrowers they have repayment options.
"While this may feel like a uniquely American issue, places like the United Kingdom are also feeling the pressure to solve a growing student loan problem," said Tom Knickerbocker, executive vice president of Ameritech Financial. "Perhaps we can learn something from what other countries are experiencing. In the meantime, federal loan borrowers here do have choices when it comes to their repayment and Ameritech Financial offers services to help them make sense of those choices."
Ameritech Financial offers assistance with selecting, applying for and recertifying enrollment in income-driven repayment plans (IDRs). These plans can potentially lower payments for borrowers as they are calculated by both income and family size. IDRs may provide an affordable payment that allows borrowers to remain current on their loans.
The United Kingdom also has repayment plans based on income, which seem to be much-needed as collective student debt in the U.K. surpassed 100 billion pounds (over 130 billion U.S. dollars) last year. While their collective debt is much lower than that of the United States, student loan borrowers in the U.K. face higher average student debt balances per person, some of which become outrageously burdensome — much like what many American borrowers experience. Meanwhile in Brazil, a country touted for its free public universities, student loans are being issued to finance educations in the burgeoning private for-profit sector. Why a demand for private education? There just isn't enough room at the free universities for all the students who want or need higher education.
There are definitely some eerie similarities abroad to our homegrown student loan problems. But while American borrowers may find insight into the global student loan picture, they may also need immediate support for their individual situations. To address this, Ameritech Financial can assist borrowers who may be having difficulty with their student loan payments or figuring out how to get into the right repayment plan.
"We offer concrete support to borrowers who need help when it comes to applications for federal repayment programs," said Knickerbocker. "We help people in their effort to stay in control of their loans and our mission is to help them stay out of delinquency or worse. Those are some of our key goals here at Ameritech Financial."
About Ameritech Financial
Ameritech Financial is a private company located in Rohnert Park, California. Ameritech Financial has already helped thousands of consumers with financial analysis and student loan document preparation to apply for federal student loan repayment programs offered through the Department of Education.
Ameritech Financial 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).
Ameritech Financial prides itself on its exceptional customer service.
Contact
To learn more about Ameritech Financial, please contact:
Ameritech Financial
5789 State Farm Drive #265
Rohnert Park, CA 94928
1-800-792-8621
[email protected]
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https://ameritechfinancial.com
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