American Financial Benefits Center: Dealing With Natural Disasters and Student Loans

Burning Wild

Natural disasters are devastating and usually destroy anything that wasn’t built to withstand them. Sometimes even “disaster-proof” buildings aren’t safe. Surviving the effects of a natural disaster and rebuilding after the danger is gone takes time, energy and resources that individuals likely don’t have. It takes an entire community to rebuild in many cases. During these times, individuals have different personal problems to handle. American Financial Benefits Center (AFBC), a document preparation service company, has helped thousands of student loan borrowers apply for income-driven repayment programs (IDRs) when times have gotten financially tough, sometimes in the cases of natural disasters.

After a natural disaster has hit, it’s important to be aware of potential safety problems and know how to handle them appropriately. This may mean finding new driving routes to avoid damaged or flooded roads or wearing a face mask if there’s smoke or debris in the air. Much of the west coast has been dealing with fires lately. These disasters have left many people scrambling to figure out how they will handle things, especially financially. Student loans may get particularly difficult in the aftermath of a natural disaster. Natural disaster forbearances are available, but interest still accrues during forbearance. “Student loans can be tricky for some people to handle, often due to circumstances beyond their control. Natural disasters, like the fires, definitely go into that category,” said Sara Molina, manager at AFBC.

Having smaller monthly payments from IDR programs may give struggling student loan borrowers a better chance at rebuilding or maintaining their quality of life. AFBC has helped thousands of student loan borrowers in applying for IDRs and continues to help its clients maintain their progress towards student loan forgiveness (typically after 20-25 years of qualified repayment and with recertification). “Our hearts go out to those currently affected by the west coast wildfires. Please, stay as safe as possible in these times,” said Molina.

Student loans can be tricky for some people to handle, often due to circumstances beyond their control. Natural disasters, like the fires, definitely go into that category.

Sara Molina

Manager at AFBC

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).

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Contact

To learn more about American Financial Benefits Center, please contact:

American Financial Benefits Center
1900 Powell Street #600
Emeryville, CA 94608
1-800-488-1490
info@afbcenter.com

Source: American Financial Benefits Center


Categories: Financing and Student Loans, Financial News

Tags: forbearance, income-driven repayment, natural disaster, student debt, student loan repayment, student loans


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About American Financial Benefits Center

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American Financial Benefits Center works to align each client with the different U.S Department of Education programs available to them based on their income and occupational situation.

American Financial Benefits Center
1900 Powell Street (600)
Emeryville, CA 94608
United States