Borrowers Don't Need to Skip Student Loan Repayments to Support Their Family, Notes Ameritech Financial
ROHNERT PARK, Calif., August 2, 2018 (Newswire.com) - If a student loan borrower needs to choose between supporting their family and repaying their student loans, then family support is usually the clear winner. Borrowers are often unwilling to suddenly stop paying family bills in order to pay off their education, instead choosing to let their credit rating suffer to let their family thrive. Ameritech Financial, a document preparation company, may be able to help a borrower find the way to better support themselves and the people they love most by finding them the student loan repayment plan that supports those lives best and assisting in applying for such plans.
“Student loans can affect your ability to pay your bills or take care of your family,” said Tom Knickerbocker, Executive Vice President of Ameritech Financial. “Borrowers supporting their parents and children may find the solace they need in a different student loan repayment plan.”
The repayment plans that best support a person’s livelihood and family wellbeing may be income-driven repayment plans (IDRs). IDRs may reduce borrowers’ monthly repayment to better match their ability to pay based on income and family size. If a borrower keeps needing the help, then they can stay on an IDR and may receive student loan forgiveness in 20 to 25 years for their federal loans. With the money consistently saved through switching to an IDR a borrower may be able to live a higher quality of life while still supporting the people that they love.
Student loans can affect your ability to pay your bills or take care of your family.
“No one should have to choose between family life and financial sense,” said Knickerbocker. “At Ameritech Financial, one of our goals is to show borrowers that they have an advocate. We may be able to help borrowers find, and stay on, the right repayment plan to care for themselves as they care for their loved ones.”
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.
To learn more about Ameritech Financial, please contact:
5789 State Farm Drive #265
Rohnert Park, CA 94928
Source: Ameritech Financial