ROHNERT PARK, Calif., Sept. 21, 2018 /PRNewswire/ -- Student loans may prevent an entrepreneur from pursuing their business plans. The resources and time needed for an entrepreneur's goals may be cut short by student loan repayment. After a borrower leaves college, their student loans require a minimum payment, which means that the entrepreneur needs to immediately pursue a source of income that is certain, sustainable and predictable. Entrepreneurship is often defined by its uncertainty and many entrepreneurs may not believe they will be able to repay their student loans if they pursue their goals. Neglecting these student loan repayments could cause an entrepreneur's credit rating to plummet, which could affect an entrepreneur's ability to get a business loan. Ameritech Financial, a document preparation company, may be able to help entrepreneurs focus on their business instead of their loans by aligning them with an adaptable student loan repayment plan.
"Student loans can dominate a person's budget and cut their ambitions short," said Tom Knickerbocker, executive vice president of Ameritech Financial. "Entrepreneurs may be able to invest more time and money into the career decisions that matter most to them with a repayment plan that can adapt to a changing financial situation."
Ameritech may help align entrepreneurs with an income-driven repayment plan (IDR) to help with their student loan finances. IDRs may be a more adaptable student loan repayment plan than the standard 10-year plan because these plans lower a borrower's monthly federal student loan repayment to 10 to 15 percent of their monthly discretionary income. In addition, if a borrower remains on an IDR for 20 to 25 years, their federal student loans are forgiven. If a borrower begins an IDR but later decides they want a different repayment plan, they can switch. By using an IDR repayment plan, borrowers may be able to invest the money that they save from their student loan repayments into their business instead.
"Student loans can be more flexible with the right repayment plan," said Knickerbocker. "Ameritech hopes to show borrowers a repayment plan that allows them to pursue the ambitions that will make their lives, and the world, a little better."
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
Entrepreneur and Helpers in Startup
SOURCE Ameritech Financial