American Financial Benefits Center: Is Netflix Saving Student Loan Borrowers Money?

Movies and Chill

For a lot of people, going home and relaxing while watching something from a streaming service, like Netflix, is what they look forward to at the end of the day. It’s not that expensive and has a great variety of shows and movies on demand, and even more on DVD to rent. For people with student loans, a cheap source of entertainment is a must. But is this streaming service saving borrowers money in other ways? American Financial Benefits Center (AFBC), a document preparation service company that has helped struggling student loan borrowers apply for federal repayment programs, says that it very likely is.

“Student loan borrowers often have to put more thought into their spending habits because of limited funds,” said Sara Molina, manager at AFBC. The way it works is that because people are spending more time at home, they’re spending more time cooking and eating food that they’ve made, rather than spending time and money eating out. People are also becoming more interested in healthier or alternative eating choices, which fast food doesn’t tend to offer. So, rather than spending money on food to bring home, people are making the choice more often to cook what they want to eat themselves.

Since eating out includes the cost of labor, making food at home is often drastically less expensive. When finances are stressed less, student loan borrowers can relax more easily as they settle in for their night with a movie. AFBC has worked with thousands of qualified borrowers to help them apply for income-driven repayment plans that have potentially lowered their monthly payments and gotten them on track for student loan forgiveness after 20-25 years of remaining in such programs. That way, borrowers may have more opportunities to choose whether or not they want to eat out, rather than being forced to cook because they can’t afford to otherwise. “We at AFBC believe in helping our clients achieve financial wellness by helping them apply for federal repayment programs and assisting them through the yearly recertification process,” said Molina.

Student loan borrowers often have to put more thought into their spending habits because of limited funds.

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: Financial News, Financing and Student Loans

Tags: cooking at home, income-driven repayment, netflix, 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