Ameritech Financial on the True Cost of Saying Yes to a College Education

Woman Looking Worried While on the Phone

For many people, it can be difficult to say no, and often we end up saying yes to more than can actually be delivered. In deciding what to say yes to, people have to decide what it is that holds the most personal value. The value of a college education is in the potential to achieve social mobility into the middle or upper social classes; however, taking out student loans to attend college may negatively affect that value. Ameritech Financial, a document preparation company that helps student loan borrowers with federal repayment plan applications, reminds borrowers that value is a matter of perspective, which can be improved through successful management of their student loans.

“There is value in getting a college education, but it is not simply that black and white,” says Tom Knickerbocker, executive vice president of Ameritech Financial. “Borrowers who have trouble with their student loan payments might decide it wasn’t worth it, but they should know that they might have options to make repayment easier through programs like income-driven repayment plans.”

Heather, a blogger for Only Passionate Curiosity, talks about how in her quest to please everyone, she forgot about herself. She writes, “The best advice I ever got was to say ‘no’ to the good stuff, so you leave room to say ‘yes’ to the great stuff. I struggle to accept that advice, but it’s sound.” Similar advice on the cost of saying yes is given by the blogger behind Tread Lightly, Retire Early. She writes that her new ideal is “that something has to be too good to say no to, not simply good enough to say yes. Any time I say yes to one opportunity, it means that I have to say no to something else down the line.” 

Borrowers who have trouble with their student loan payments might decide it wasn't worth it, but they should know that they might have options to make repayment easier through programs like income-driven repayment plans.

Tom Knickerbocker

Executive Vice President of Ameritech Financial

Being able to prioritize one thing over another is not always easy, especially when individuals can only say yes to one. Saying yes does not have to be dreadful, and neither does tackling student loans. Federal repayment plans available through the Department of Education may make it easier to say yes to the great stuff that comes along. Income-driven repayment plans (IDRs), for example, can potentially lower a borrower’s monthly payments and free up some cash for other things.

“With an IDR, you can perhaps look at repaying your student loans as less of a hindrance,” says Knickerbocker, “so then you can focus on saying yes and doing the things you value the most.”

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.

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To learn more about Ameritech Financial, please contact:

Ameritech Financial
5789 State Farm Drive #265
​Rohnert Park, CA 94928

Source: Ameritech Financial

Categories: Financing and Student Loans, Financial News

Tags: federal student loans, income-driven repayment, value of college education

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About Ameritech Financial

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Ameritech Financial is a document preparation company that helps borrowers enroll in the federal repayment program that matches their individual financial needs, potentially lowers payments and gets them on track for student loan forgiveness.