AFBC on Why Struggling the Manage Student Loan Repayment May Be More Than Some Borrowers Can Handle
EMERYVILLE, Calif., November 2, 2018 (Newswire.com) - Student loan repayment is a $1.5 trillion problem that this country is currently facing, and it doesn’t show signs of getting better anytime soon. Borrowers are stuck in an extreme situation of having their loan debt influence almost all their actions, and they struggle when looking for help. American Financial Benefits Center (AFBC), a document preparation service company that has helped many struggling student loan borrowers apply for federal repayment programs worries that many student loan borrowers won’t be able to access the help they need to get their repayment under control.
Using search engines to look up tips and tricks for just about anything has helped millions of people access quick help and get back on track with what they were doing. But not all help offered is equal. Many sites that talk about how to better manage student loan repayment say to cut costs where possible, avoiding eating out too often, settling for a used car instead of a new one, taking fewer vacations, and so on. All things that take the money being available in the first place, which many borrowers don’t have. “Student loans are a multi-faceted construct that requires a lot of specific attention and care, and repayment even more so,” said Sara Molina, manager at AFBC.
To properly manage money, there has to be money to manage in the first place. Stagnant wages amidst rising housing costs coupled with student loans make for a spiral of financial trouble that many borrowers will have trouble getting out of on their own. AFBC has helped thousands of student loan borrowers apply for federal income-driven repayment programs that get them on track for student loan forgiveness after 20-25 years of being in the program and potentially lowering their monthly payments. “We believe student loan repayment shouldn’t have to be a struggle. That’s why we’re so committed to helping our clients sign up for these federal programs and through the yearly recertification process,” said Molina.
Student loans are a multi-faceted construct that requires a lot of specific attention and care, and repayment even more so.
About American Financial Benefits Center
American Financial Benefits Center is a document preparation company that helps clients apply for federal student loan repayment plans that fit their personal financial and student loan situation. Through its strict customer service guidelines, the company strives for the highest levels of honesty and integrity.
Each AFBC telephone representative has received the Certified Student Loan Professional certification through the International Association of Professional Debt Arbitrators (IAPDA).
To learn more about American Financial Benefits Center, please contact:
American Financial Benefits Center
1900 Powell Street #600
Emeryville, CA 94608
Source: American Financial Benefits Center