Ameritech Financial: Borrowers Who Have Defaulted on Federal Student Loans Have Options

ROHNERT PARK, Calif., Feb. 14, 2018 /PRNewswire/ -- Defaulting on student loans is never fun. In fact, some consider its potential consequences disastrous. But for borrowers with federal student loans, the options for dealing with default are, luckily, better than just paying the balance in full or doing nothing. Borrowers may need assistance navigating available resources, though. Ameritech Financial is an independent, private document preparation company which advises and assists federal student loan borrowers in applying for repayment plans, forgiveness programs and pathways out of default. The company also helps borrowers maintain enrollment, if needed, after successful applications.

"We understand how distressing default is, and we have a team that is ready to help borrowers in that situation," said Tom Knickerbocker, executive vice president of Ameritech Financial. "With some help, getting out of default may be less daunting than people might expect."

So what is the way out of default for federal student loan borrowers? The main options exist in the form of default rehabilitation or loan consolidation, both offered by the Department of Education. These two options have different requirements and different effects on the borrower's credit report. Therefore, careful consideration should be taken before starting on either pathway. Professionals at Ameritech Financial can assist borrowers in determining which option, if either, may be right for them — in addition, of course, to assisting with the process once a course of action is chosen.

Enrollment in an income-driven repayment plan (IDR) might be required as part of the pathway out of default, or an IDR might just be highly recommended in order for the borrower to stay out of default. One of Ameritech Financial's core services is helping borrowers select, apply for and stay enrolled in a repayment plan that suits their needs, so clients who are receiving assistance with default can also ask for assistance with IDRs. An IDR may be crucial to ensure default does not happen again.

"There are a lot of choices for borrowers in default to make, but they may not always know which way to go," said Knickerbocker. "At Ameritech Financial, we can provide concrete support for that process."

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]

Related Links

Ameritech Financial home page

SOURCE Ameritech Financial

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