Ameritech Financial: Former Graduate Students Who Don't Finish Face Choices for Loan Repayment
ROHNERT PARK, Calif., March 5, 2018 /PRNewswire/ -- Leaving college with no degree and saddled with student loans can have devastating effects on a person's financial life. But what about people who leave graduate school with loans and no advanced degree? The effects are different, but these borrowers still may face a unique set of obstacles, including contending with student loan repayment. Ameritech Financial, a private document preparation company which assists federal student loan borrowers in applying for and recertifying enrollment in repayment plans, recognizes the challenges of borrowers who left graduate school before completion.
"There's no one reason why students leave grad school, but if they have student loans, they might be facing unexpected challenges and a financial situation they need to quickly adapt to," said Tom Knickerbocker, executive vice president of Ameritech Financial. "Ameritech Financial provides support to borrowers in repayment who may not know all of their options."
When graduate students with federal loans leave their programs, they face a host of repayment choices. For those who may need more affordable options, help is available. Ameritech Financial helps federal student loan borrowers select, apply for and maintain enrollment in income-driven repayment plans (IDRs) offered by the Department of Education. Ameritech Financial helps borrowers parse often confusing guidelines and requirements regarding repayment and certain types of loan forgiveness. IDRs are usually beneficial for borrowers who may be struggling to repay their loans because monthly payments are calculated based on income and family size, and qualified borrowers may see their payments reduced significantly. IDRs also position borrowers for loan forgiveness after a period of 20 or 25 years.
While former graduate students likely face better job prospects because, by definition, they have an undergraduate degree, those who do not finish their advanced degree might be losing out on greater future earnings. They also might be facing high loan balances which are common for master's and professional degrees. Beyond finances, there may be a distinct set of psychological or emotional hurdles to clear after the life they envisioned changes when they leave school before graduating. This isn't to discourage borrowers, but rather acknowledge what they may be facing. In fact, many people who leave their grad school programs are happier for doing so.
"Whether they are happy, upset or maybe both because they left graduate school, these borrowers face a period of change," said Knickerbocker. "And regardless of whether they're excited about this new chapter of life, they have opportunities and can call on support. Ameritech Financial can step in to assist when it comes to student loans, applying for repayment options and taking control of your financial life."
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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SOURCE Ameritech Financial
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