ROHNERT PARK, Calif., Sept. 25, 2018 /PRNewswire/ -- Student loans can be especially bad for borrowers who pursued a master's degree, doctorate degree or professional degree. Such students often need to take out additional loans to complete advanced degrees. This can cause the borrower to focus on obtaining jobs that pay off those high student loans instead of jobs that are more in line with their career goals. If a borrower chooses to avoid these payments, they may experience a drop in credit rating, being hassled by creditors and, in some states, the loss of a professional degree. However, there are federal student loan repayment programs that can reduce the amount that a borrower pays per month to a more manageable level. Ameritech Financial, a document preparation service company, can help borrowers align with and apply for a student loan repayment program that potentially lowers their bill and gets them on track for federal student loan forgiveness.
"Education is one of the most important things a person can do to improve themselves, and it is crazy that the expenses for this education can dictate their life choices," said Tom Knickerbocker, executive vice president of Ameritech Financial. "If a person is capable of the dedication and knowledge necessary to reach the heights of academia, then student loans shouldn't be stopping them from using that knowledge to make this world a better place."
Ameritech Financial may be able to help borrowers by aligning them with and applying for one of the various federal income-driven repayment programs (IDRs). Ameritech can help analyze a client's accounts and determine which repayment plan might work best for their situation. An IDR can lower the amount that a borrower pays on their federal loans per month to 10 to 15 percent of their discretionary income, which can be as low as $0. This can allow borrowers to pursue entry-level positions in the career of their choice while better affording their federal student loans. An IDR grants a borrower loan forgiveness after 20 to 25 years of continued enrollment. By using an IDR, a borrower can have a student loan repayment strategy ready to help them for every dollar that was spent in pursuit of education.
"We at Ameritech Financial want to help borrowers who pursued the dream of a higher education find a financial repayment plan that makes that dream come to life," 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
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SOURCE Ameritech Financial