Fine Artists May Be Able to Pay Off Their Student Loans While Pursuing Creative Opportunities, Notes Ameritech

Artist at her Easel

Fine artists, such as painters, sculptors, and printmakers, may feel that they need to give up on their artistic ambitions because the cost required to practice their art and pay their student loans creates an unsustainable financial situation. The material cost of art, the need to create more art to pursue artistic opportunities and simultaneously pay student loans can feel financially unsound. If an artist’s education covered $50 in materials fees per piece then the fine artist suddenly has to afford $50 more for every piece produced in addition to paying off student loans. If the artist has a regular student loan repayment plan they may be effectively forced to stop pursuing any artistic agenda in order to afford their loans. However, alternative student loan repayments may make student loan repayments more adaptable. This can allow an artist’s career to be a financial reality. Ameritech Financial (Ameritech), a document preparation company, may be able to help borrowers align with student loan repayment plans that can help fine artists afford to design, create, and hustle their way into the career of their choosing.

“Student loans shouldn’t have the power to end someone’s career or the pursuit of a career,” said Tom Knickerbocker, Executive Vice President of Ameritech Financial. “The standard student loan repayment plan can cut short many careers. Luckily, alternative student loan repayment plans exist that can allow borrowers to keep pursuing their ambitions.”

Ameritech can help align borrowers with an income-driven repayment plan (IDR) in order to potentially lower monthly student loan repayments and let them better afford the life they want. After signing up with an IDR a borrower’s monthly federal student loan payment is reduced to 10 to 15 percent of their discretionary income per month, which can be as low as $0. Signing up for an IDR also gets a borrower on track for federal student loan forgiveness in 20 to 25 years. Ameritech Financial can help a borrower align with an IDR plan and fill out the required documentation, such as the application and annual recertification, as well as inform the borrower if anything changes with student loan information or any other documentation. An artist may be able to spend a little more time working on the creative work that interests them.

Student loans shouldn't have the power to end someone's career or the pursuit of a career.

Tom Knickerbocker

Executive Vice President of Ameritech Financial

“Education, and its expenses, shouldn’t get in the way of great works of creativity,” said Knickerbocker. “Ameritech may be able to help fine artists find a way to handle their student loans and their career aspirations.”

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: federal student loans, fine artists, income-driven repayment


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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.