Lifelong Learning Doesn't Necessarily Mean Lifelong Student Debt Notes American Financial Benefits Center
EMERYVILLE, Calif., July 12, 2018 (Newswire.com) - The business world is constantly changing and people are become “lifelong learners” in order to keep up. The problem is, lifelong learning is expensive. If one wants to pursue education at the college level, then student loans can make pursuing one degree expensive — and two or more degrees can be intolerable. In order to pursue work at a professional level, an individual may feel compelled to constantly take on student debt to continue that higher education and live a lifestyle of constantly paying off that debt. American Financial Benefits Center (AFBC), a document preparation company, believes that lifelong learners should be able to pursue the education that they need without having to worry about lifelong debt.
“Constant learning can be extremely rewarding, but terrifying,” said Sara Molina, manager at AFBC. “The need for constant learning and high student loans can create a highly educated population paying for it for the rest of their life. Luckily, there are long-term strategies that lifelong learners may be able to use to pursue lifelong education without worrying about lifelong debt.”
When a lifelong learner leaves college and finds that his or her student loan payments have finally begun, life can suddenly be intimidating. A looming sum can force a borrower into a well-paying but unfulfilling job as the only hope of repaying their education expenses.
The need for constant learning and high student loans can create a highly educated population paying for it for the rest of their life. Luckily, there are long-term strategies that lifelong learners may be able to use to pursue lifelong education without worrying about lifelong debt.
In order to avoid having student loans dictate a borrower’s life, AFBC recommends considering an income-driven repayment plan (IDR). With an IDR, a borrower only needs to pay a fraction of their discretionary income every month. This can theoretically be as low as $0 and can be recertified annually so the repayment plan changes in line with a borrower’s income and family size. In addition, IDRs can result in loan forgiveness after 20 to 25 years of enrollment.
“If done correctly an IDR may possibly allow individuals to further their education until they are stopped by their wit or willpower, instead of their student loans,” said Molina. “We at American Financial Benefits Center hope borrowers find the right repayment plan to allow them to gain the education and lifestyle they desire.”
About American Financial Benefits Center
American Financial Benefits Center is a document preparation company that helps clients apply for federal student loan repayment plans that fit their personal financial and student loan situation. Through its strict customer service guidelines, the company strives for the highest levels of honesty and integrity.
Each AFBC telephone representative has received the Certified Student Loan Professional certification through the International Association of Professional Debt Arbitrators (IAPDA).
To learn more about American Financial Benefits Center, please contact:
American Financial Benefits Center
1900 Powell Street #600
Emeryville, CA 94608
Source: American Financial Benefits Center