Free College Perks, People Who Didn't Graduate College and Student Loan Debt: Ameritech Financial Investigates

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Jul 03, 2018, 13:00 ET

ROHNERT PARK, Calif., July 3, 2018 /PRNewswire/ -- About four million undergraduate students between 2015 and 2016 dropped out from college with debt. That debt may be extra difficult to pay down without the degree. But what if they could go back to college for free? What if they could find better repayment plans for their student loans to save money? All these options are possible today. If borrowers feel overwhelmed by their student loan debt, they could turn to Ameritech Financial, a document preparation company. Ameritech Financial is a private company that assists federal student loan borrowers with applying for federal income-driven repayment plans (IDRs). These plans could mitigate financial stress from student loans.

Students might reconsider finishing their degree program or restarting somewhere else. But how can they do this for free? One company announced that its employees could get an undergraduate degree at no cost through one of three different online programs. Almost nine out of 10 employees at its call centers don't have college degrees. The company will also cover the college expenses, such as tuition, fees and books. Plus, there is no limit to the education benefit. Workers who have student loan debt should also research new repayment plans to ease debt.

"It's amazing how companies help reduce the student loan debt crisis. We try to do our part, too," said Tom Knickerbocker, executive vice president of Ameritech Financial. "For instance, Ameritech Financial tries to reduce borrowers' debt through repayment plans offered by the Department of Education."

Other companies also offer employee benefits like free college. A global corporation recently disclosed that American workers will be able to get their college degree for only $1 a day. While some employees get to go to college right away, others make new workers wait 90 days. This is standard for companies offering any benefits. One group expects close to 70,000 associates to enter the $1 a day program in the first five years. Both companies will be offering extra educational services through Guild Education. It helps with academic counseling, filling out applications and more.

However, not everyone will have access to free or nearly free college courses through their employer. Borrowers who did not finish college or who struggle to repay their debt may consider reviewing their options for repayment plans. Federal income-driven repayment plans, for example, may reduce their payments relative to their income and family size, which can help them in any plans to complete their degree program or pursue a new degree.

"Income-driven repayment plans have helped countless borrowers reduce their monthly payments. It helps make their debt manageable with the income they have," said Knickerbocker. "At Ameritech Financial, we help borrowers understand their IDR options and apply for one if they feel it is their best option. We also help with the yearly recertification paperwork. We stay with each client as long as they stay in the program."

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.

Each Ameritech Financial telephone representative 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.

Ameritech Financial Newsroom

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