Ameritech Financial on Siblings, Student Loan Repayment, and a Family's Financial Aid
ROHNERT PARK, Calif., March 1, 2018 /PRNewswire/ -- Having two or more children in college is often a big financial strain on parents. While financial aid may increase for students who have a sibling in college, it still may not be enough to cover the cost of school. Even comfortable families' finances may buckle under the strain of multiple kids in school. Ameritech Financial, a document preparation company that helps align student loan borrowers with federal programs that can potentially lower their monthly payments, encourages families to explore repayment options and share their knowledge.
"While only the individual borrower is responsible for paying back loans, families may want to approach loan repayment strategy together, just as they may have approached financial aid," said Tom Knickerbocker, Executive Vice President of Ameritech Financial. "We encourage families to work together and share resources about repayment."
Especially for large families, the parents' ability to pay for college may depend on how many kids they have. On the one hand, students in school at the same time as their siblings may be eligible for more federal grant aid as their parents' expected contribution is divided by how many children are in college. On the other hand, if parents' financial situation changes, or they don't budget correctly, their ability to contribute to each child's education may vary wildly.
Former students with siblings who also have student loans might find it helpful to compare and contrast their experiences. Loan repayment can be confusing and stressful, and having family working towards the same goal might be encouraging.
Borrowers with federal loans who need help can also turn to Ameritech Financial, which assists qualified borrowers identify, apply for, and recertify their enrollment in income-driven repayment plans (IDRs). These IDRs can potentially lower borrowers' monthly payments to an affordable level and put borrower on track to loan forgiveness. While many borrowers, like siblings for instance, may have similar student loan stories, Ameritech Financial recognizes each borrower's situation is different and provides customized service for each borrower's needs.
"College is expensive when just one kid in a family is in school, let alone two or more, and loans may just be necessary to attend," said Knickerbocker. "But borrowers who are in repayment are not without resources, and not without options for a better repayment experience. Ameritech Financial can help borrowers get to that place."
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
Related Links
https://ameritechfinancial.com
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