'Debtfreelancing': A New Way to Reduce Student Debt? Ameritech Financial Probes the Question

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Jul 04, 2018, 08:00 ET

ROHNERT PARK, Calif., July 4, 2018 /PRNewswire/ -- Ameritech Financial, a company that assists borrowers with federal student loan repayment plan applications, understands that debt can feel crippling. At a time when recent college graduates are carrying more student loan debt than ever before, this crippling effect has widespread ramifications across the nation. People are missing out on not only material goods that they cannot afford in lieu of their student loan payments, but also the life experiences that promote a healthy relationship between the individual and the community. Ameritech Financial is a private document preparation company that helps federal student loan borrowers with federal repayment plan applications. The company values community involvement and encourages its employees and clients to give back to their community.

"Every little bit matters when working towards staying current on your loan," began Tom Knickerbocker, Executive Vice President of Ameritech Financial, "and new programs that are emerging show a market for multiple options concerning student loans."

One such program is attempting to provide those straddled with student loans the opportunity to volunteer for a cause close to their heart while concurrently applying that time and energy towards reducing their loans. The program uses the term "debtfreelancing" to describe a system in which a person signs up for the program, chooses the social causes that they are interested in or concerned with (from homelessness to community development and more), and are potentially matched with a participating nonprofit. Once accepted into the program, "debtfreelancers" can "expect to receive a monthly stipend … [that is] paid directly to their student loan servicers to cover payments."

The major drawback to new programs is that they often launch in only a few cities at first. Additionally, any aid may represent a drop in the bucket of the roughly $1.4 trillion dollars owed by about 45 million American student loan borrowers. Such programs, while well intentioned, seem to address only a fraction of the big picture.

"Ameritech Financial," Knickerbocker began, "helps federal borrowers apply for options available to people all across the nation in regard to their student loans. We aren't geographically limited, and our services may also allow a person to spend more time volunteering if that's what they wish to do."

The services Knickerbocker speaks of are concerned with the often-confusing application process for income-driven repayment plans, or IDRs, that allow a person to make payments for their student loans that are based on their income and family size. Where such federal programs allow a person to reduce his or her monthly payments, the company feels that lowered payments may free up valuable time in a borrower's life. Whether that person is in L.A., Chicago, New York, or rural Oklahoma, Ameritech Financial may be able to help borrowers apply to achieve more financial freedom to pursue community involvement.

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.

Ameritech Financial Newsroom

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 Images

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Volunteering for Student Loan Repayment
Credit: Zinkevych/Bigstock

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