ROHNERT PARK, Calif., Sept. 1, 2016 /PRNewswire/ -- Ameritech Financial is offering recent graduates who have outstanding student loan debt the opportunity to adjust their repayment forecast. According to Ameritech Financial, "preparation for managing your student loan repayment is vital" and should start even before students have completed their studies. However, the average student does not understand money or realize there are multiple options to lessen the debt load almost immediately.
Relationship Between Debt and Mental Illness
Current statistics posted on the Ameritech Financial website indicate that more than 12% of Americans currently hold a student loan. Referencing a recent study from the UK, Ameritech Financial notes that the consequences of ongoing financial obligations, and the reason for Ameritech Financial's existence, can include depression and addiction.
Ameritech Financial Offers Relief
Ameritech Financial is a highly specific financial institution focusing on giving students both during and after completion of post-secondary studies an opportunity to potentially reduce expenses. Theirs is a financial education institution. Clients learn about debt, budgeting, spending, and long-term forecasts. Clients can also access potential subsidies by applying for Ameritech Financial's documentation support services.
Specializing in Student Debt
Ameritech Financial outlines the types of debt relief available from the American government. These are Income-Based or Income-Contingent Relief and Public-Service Forgiveness. Brandon Frere, President and CEO, notes "employees with high standards of professionalism and job performance have contributed immeasurably to the Company's progress and success." They are "committed to excellence in all aspects of our business" and seek to meet customer expectations 100%.
Unpacking Debt Relief
In an educational slide show available for the public to view, Frere outlines types of debt relief available from the US Government. Income-Based Relief supports individuals who are facing financial hardship after taking personal or combined income into account as per marital status and family obligations. Income-Contingent Relief provides less of a discount because applicants are not required to prove they are experiencing hardship. Public-Service Loan Forgiveness requires ten years of repayments following which, if the student has continued to repay his or her loan during that decade-long period and has also worked with a registered non-profit society for the same period, the entire loan debt will be considered paid in full.