Ameritech Financial to Student Loan Borrowers: Don't Let Debt Limit Your Opportunities
ROHNERT PARK, Calif., March 8, 2018 /PRNewswire/ -- For students from low-income families, the promise of social mobility is a common drive to pursue a college education. In short, college is supposed to afford students opportunities that they would not have gotten without a degree and which could improve their lives and their financial outcomes. However, student loans may endanger that. Ameritech Financial, a document preparation company that assists student loan borrowers in applying for federal income-driven repayment plans, reminds borrowers that their loans don't have to get in the way of opportunities.
"Kids are told that to do well in life they have to go to college," said Tom Knickerbocker, Executive Vice President of Ameritech Financial. "So they do. And then they leave, with or without a degree, with loads of debt and have to juggle jobs and student loan payments."
At a time when a degree is supposed to open doors, student loans can close some of them. About 70 percent of students leave college with student debt. That debt needs to be paid off, which means graduates often feel pressured to find a job before the usual six-month grace period for federal student loans ends. That is not a lot of time for borrowers to find a career-launching position. For some, it may take longer to see opportunities that might be best for social mobility.
Therefore, student loan borrowers may make quick career decisions based on what will allow them to pay their loans, rather than holding out for an opportunity that aligns with social mobility goals. For example, borrowers may pass on lower-paying jobs that may set them up for greater career growth down the road in favor of inferior jobs that may pay better now but have limited growth opportunities. Or, because of insufficient pay, borrowers may turn down internship opportunities that would allow them to gain the industry experience that many employers require.
However, the Department of Education offers several federal student loan repayment plans that may lower monthly payments based on income and family size. Such plans can reduce the financial burden of student loans and allow borrowers to consider opportunities based on growth potential, not pay.
"Whether the goal of college is to fuel social mobility or follow a dream, student loans shouldn't get in the way of that," said Knickerbocker. "When loan payments hinder career growth, maybe it's time to look at options to change that. At Ameritech Financial, we help borrowers with high payments or low income understand income-driven repayment plans and help them apply for the plan that might benefit them the most so they can focus on their goals that college was supposed to help them achieve."
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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https://ameritechfinancial.com
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