Can People Turn Failure Into Success With Student Loans? Ameritech Financial Believes It Is Possible

Flip a Failure to a Success

How do people measure success? In today's society, people are often told to measure who they are by their successes and to see failures as just that — failures. For borrowers, success might be paying down their loans as quickly as possible or lowering their payments to allow them to focus on other goals, while failure could be seen as not being able to keep up with payments at all. However, in recent years, there has been a push to recognize possible failures and turn them around. According to a few different sources, it is completely possible to turn failures into success. Ameritech Financial, a document preparation service company that works with struggling borrowers to help them apply for federal repayment programs, says that turning failures to success is mental and may be applied to student loan repayment.

“The first and most positive step to turning failures to success is by changing what your mental model of success and failure are,” said Tom Knickerbocker, executive vice president of Ameritech Financial. “In order to achieve significant success, you will fail, but you have to realize that instead of avoiding failure, you have to embrace it to get to where you want to be.”

Once one is able to change the mental mindset of what failure is, it is potentially easier to take the necessary steps to turn failure into success. Lolly Daskal at Inc writes that there are seven points to think about when using failures as an advantage. Something worth thinking about is how mistakes are not the problem, but it is failing to learn from them that is. Looking at “mistakes” or “failures” as growth opportunities can be very beneficial. Throughout life, people will experience failure in order to reach success; the only difference is how someone deals with that failure. For example, if someone is feeling overwhelmed by their monthly federal student loan payments, they may turn to an IDR (income-driven repayment plan). By seeking help in paying back their loans, they are transforming a potential failure into a success.

In order to achieve significant success, you will fail, but you have to realize that instead of avoiding failure, you have to embrace it to get to where you want to be.

Tom Knickerbocker

Executive Vice President of Ameritech Financial

Turning failures into successes may be easier said than done, but doing something is half the battle. Being able to collect the failure, learn from it and move on is exactly what can turn that seemingly horrible failure into the next success. For student loan borrowers currently struggling, Ameritech Financial can help them apply for federal income-driven repayment plans. These repayment plans have the potential to lower monthly payments and get them on track for student loan forgiveness after 20-25 years. “Stay empowered and learn from every failure that comes your way,” said Knickerbocker. “Success doesn’t happen overnight, just remember that.” 

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: failure, federal student loans, income-driven repayment, success


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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.