Ameritech Financial: Student Loan Borrowers From Various Economic Backgrounds Should Explore Repayment Possibilities

ROHNERT PARK, Calif., March 12, 2018 /PRNewswire/ -- Education research reveals that students from affluent families are far more likely to go to college and complete their degrees than students from poor families. But for poorer students who make it to college and obtain a bachelor's degree, does their family background remain important? It's hard to tell, but possibly. For college graduates with federal student loans who are struggling, though, there are opportunities for changing repayment plans. Ameritech Financial, a private document preparation company which assists borrowers in applying for federal repayment plans, encourages borrowers of all economic backgrounds to explore repayment possibilities.

"Success post-graduation may not just be tied to how well you did in school, but also to the connections you made, which parents might step in to help with," said Tom Knickerbocker, executive vice president of Ameritech Financial. "However, for students who don't necessarily have all the help in the world through family, there are still resources when it comes to student loan repayment."

A new study shows that not just economic background, but direct parental involvement during their kid's college years, might affect post-graduation outcomes. College students from affluent families in the study had received guidance on social and extracurricular activities which seemed to position them for success beyond college. Graduates of affluent families went on to be employed more often and for higher wages than their less wealthy counterparts.

This somewhat conflicts with another study that shows that poorer students' post-graduation outcomes match wealthier classmates' when the students all attended elite colleges. College, in this case, seems to be an equalizer rather than a divider along class lines.

As more research is conducted, perhaps a clearer picture of family wealth, parental involvement and post-graduation outcomes will emerge. In the meantime, students with student loans who are facing uncertainty after graduation may need assistance. Federal student loan borrowers have repayment options in the form of income-driven repayment plans (IDRs), which calculate monthly loan payments based on income and family size. These IDRs can potentially lower a borrower's monthly payment to a more affordable amount.

Ameritech Financial helps borrowers make sense of these options and provides concrete support in the application and recertification processes. Ameritech Financial keeps track of clients' recertification timelines so that no deadlines are missed and borrowers who wish to remain in their IDRs can receive assistance from the company regarding recertification in a timely manner. Paperwork for applications and recertifications are prepared by Ameritech for the client's review and approval.

"Ameritech Financial is here to help borrowers who may need guidance when it comes to repayment," said Knickerbocker. "Our clients come to us from various backgrounds and with different histories, and we provide a service to work with their specific student loan situation."

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.

Ameritech Financial is a member of the Association for Student Loan Relief (AFSLR), and each representative on the phone 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.

Contact

To learn more about Ameritech Financial, please contact:

Ameritech Financial
5789 State Farm Drive #265
Rohnert Park, CA 94928
1-800-792-8621
[email protected]

Related Links

Ameritech Financial home page

SOURCE Ameritech Financial