ATF: Affording Moving Costs and Student Loan Repayment May Feel Like Getting Buried Under a Financial Avalanche

Moving somewhere new is a chance for a fresh start or the next step in someone’s long journey. Just moving across town from an old place can bring about a more positive feeling in a person’s life, but it’s not an easy task. Moving furniture, arranging for help if needed and making time during a busy schedule can be daunting, and with student loan repayment looming overhead, it may seem impossible. Ameritech Financial, a document preparation service company, says that borrowers may experience difficulty in moving due to the heavy costs and that may potentially hurt their quality of life.

“Moving is expensive. Trying to afford to move with student loans will be difficult for many borrowers who are already trying to balance other financial obligations,” said Tom Knickerbocker, executive vice president of Ameritech Financial.

For the many borrowers who live in apartments and have to move when their leases are up, there are costs involved that can really add up, like application fees for a new place, first and last month's rent, security deposits, extra pet fees, and moving vehicles and then refilling their tanks. They aren’t hidden costs that jump out and surprise most people, but that doesn’t mean they’re easy to handle on top of repaying something like student loans. Even just moving across town with the help of professional movers, with no boxing assistance and only one bedroom worth of stuff to move, costs close to $1,000. Moving states is several grand with mover assistance, which may not be necessary for everyone but having professional help means it gets done quickly so that people can get into the swing of their new life sooner.

Moving is expensive. Trying to afford to move with student loans will be difficult for many borrowers who are already trying to balance other financial obligations.

Tom Knickerbocker

Executive Vice President of Ameritech Financial

What some borrowers may be faced with when moving is taking out more loans to afford things like renting a moving van and the frequently expensive security deposit. Paying even more money towards loans is something to be dreaded and may sour or prevent a move when it’s badly needed. Ameritech Financial may be able to help qualified student loan borrowers apply for federal income-driven repayment plans that can potentially lower a borrower's monthly payments and get them on track for student loan forgiveness after 20-25 years of being in the program. “We believe student loan repayment shouldn’t have to be a struggle. That’s why we’re so committed to helping our clients in the ways that we can and being a student loan advocate,” said Knickerbocker.

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
media@ameritechfinancial.com

Source: Ameritech Financial


Categories: Financing and Student Loans, Financial News

Tags: income-driven repayment, moving, student debt, student loan repayment, student loans, traveling abroad


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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.