NFL Rookie's Dream to Pay Off Sister's Student Loan Debt Admirable, Says American Financial Benefits Center
EMERYVILLE, Calif., June 29, 2018 (Newswire.com) - Make the NFL. Pay off Morgan’s student loans. As a 10-year-old, Chase Edmonds wrote down these two goals on a piece of paper and more than 10 years later, he has made his dreams a reality. The Arizona Cardinals drafted Edmonds in the fourth round and now that he has signed a four-year contract worth more than $3 million, he’ll be able to help his older sister with her student loan debt. For those borrowers without an incredibly visionary and benevolent sibling playing in the NFL, American Financial Benefits Center (AFBC), a document preparation service company that helps its clients with federal loan assistance program applications, recommends that they look into federal income-driven repayment plans (IDRs). These plans may possibly reduce monthly payments based on income and family size and end in forgiveness after 20 to 25 years of enrollment.
“It is extremely heartwarming to know that this young man understood at a very young age the critical nature of his sister’s loan debt and was dedicated to helping her overcome it,” said Sara Molina, manager at AFBC. “For most, though, repayment requires constant attention and perseverance. For those feeling overwhelmed, IDRs may provide some financial relief.”
Edmonds, a star running back at Fordham University, had a full-ride scholarship, but Morgan Howell, his sister, accrued $80,000 in student loans while pursuing her bachelor’s degree and a master’s in counseling. While Edmonds is heading to Arizona to play in the NFL, his sister works in Arizona as a therapist for teens who struggle with anxiety, depression and eating disorders.
It is extremely heartwarming to know that this young man understood at a very young age the critical nature of his sister's loan debt and was dedicated to helping her overcome it.
They are very close. In fact, instead of staying with his teammates at the team hotel, Edmonds is staying with his sister at her house. While most rookies are purchasing all of the big-ticket items they have dreamed about all the years they dedicated themselves to football, Edmonds is giving his big sister a big ticket to financial freedom.
“I didn’t realize my student loans were on his radar,” Howell told ESPN. “It’s not something I talk about. It’s not something I complain about. It’s just a reality of going to grad school, unfortunately. I wasn’t surprised, but I was just like … I guess I was surprised.”
“This story is surprising for two reasons,” said Molina. “First, that Chase Edmonds was so willing to share his newfound wealth so lovingly. And, second, that he understood at such a young age how much of a burden those loans were on his sister. At AFBC, though we may not have a secret formula to immediately erase debt, we have found that IDRs have been able to help ease the limitation and hardship imposed on borrowers by their student loan debt. We hope our clients feel some measure of financial freedom and that they use it in a productive and loving way.”
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