For Former College Athletes Struggling With Student Loan Repayment, Ameritech Financial May Be Able to Assist
ROHNERT PARK, Calif., March 1, 2018 /PRNewswire/ -- The NCAA is making headlines yet again this week with news which comes in the middle of an ongoing debate about whether or not to pay college athletes. Despite participating in a system that generates billions in revenue, college athletes still often come up short when it comes to college costs and have to take out student loans. Ameritech Financial, a private document preparation company that helps federal student loan borrowers apply for and maintain enrollment in repayment plans, encourages former college athletes who are student loan borrowers to explore their repayment options.
"Not all college scholarships are the same, and many do not cover the full cost of attending school and being an athlete," said Tom Knickerbocker, Executive Vice President of Ameritech Financial. "We are seeing a lot of former college athletes coming out of school with student loans."
The availability and generosity of scholarships varies widely, and the cost of being a college athlete is not just tuition, so even "full ride" athletes may be lacking the cash to make it. Housing, food, equipment, summer programs, and miscellaneous bills all can add up. With a rigorous practice schedule plus the demand of regular academics, college athletes are allowed to work outside their sport, but will likely not have time, so loans may be necessary.
College athletes who take out federal student loans may be interested in income-driven repayment plans (IDRs) which are offered by the Department of Education and could potentially lower borrowers' monthly payments. For borrowers who are having trouble with their loan payments, or may be seeking further guidance with repayment, Ameritech Financial is a private, independent company that is not affiliated with any federal agency or loan servicer and provides borrower-centered help to former students of various backgrounds.
More specifically, Ameritech Financial delivers assistance to individuals with federal student loans in the application and recertification processes for IDRs. These repayment plans base monthly payments on a calculation of the borrower's income and family size, often making the monthly payment much more affordable. IDRs also position borrowers for student loan forgiveness after a set number of years of repayment in the program.
"It's a reality that most athletes won't land a lucrative contract in their sport when they're done with college, but will still have those loans to repay," said Knickerbocker. "And there's absolutely no shame in that. For those who may need help figuring out repayment options, Ameritech Financial is here to provide excellent service."
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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