Parents of Student Loan Borrowers Have Options to Help Their Children in Times of Need, Says Ameritech Financial
ROHNERT PARK, Calif., November 12, 2018 (Newswire.com) - Student loan repayment can be difficult even in regular circumstances. But when hardships begin to crop up, it may make student loan repayment more difficult than some borrowers can handle. In cases like a borrower getting sick, a concerned parent may worry and feel there’s nothing they can do to help. Ameritech Financial, a document preparation service company, says that there are ways for parents to help their student loan borrower children when times are getting tough and they feel they want to help.
For when long-term illness hits and there’s worry about a borrower falling behind on payments, a power of attorney allows someone such as a parent to make decisions on behalf of the borrower. Terms of agreement can be set so that the ability to make decisions only occurs in extreme circumstances such as hospitalization. This can be an option for parents when a borrower’s health takes a turn for the worse. After the power of attorney has been signed and notarized, there are other options that can be utilized to help with a borrower's loan repayment. Options such as payments from another party, deferment, forbearance or even signing the borrower up for a student loan forgiveness program may be available. “Having options available to work with when handling student loans may help borrowers stay on course for repayment and avoid defaulting,” said Tom Knickerbocker, executive vice president of Ameritech Financial.
Managing student loan repayment can be tricky and things like extreme illness can make it more difficult than it should be. Ameritech Financial helps qualified borrowers apply for federal income-driven repayment programs that can potentially lower their monthly payments and get them on track for student loan forgiveness after 20-25 years of being in the program. “We believe student loan repayment shouldn’t have to be a struggle. That’s why we’re so dedicated to helping our clients apply for repayment programs and remaining a student loan advocate,” said Knickerbocker.
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