For most college students, exorbitant tuition fees require the need for financial aid through government-regulated federal student loans. We take the risk of acquiring this debt with the justification that it’s an investment into our future, and rarely contemplate how we would manage to afford the high monthly student loan repayment once out of college.
After graduation, the optimism of starting a new career or business quickly fades due to the outstanding amount of debt owed immediately out of school. Instead of acknowledging our accomplishments and wondering what the future holds for us, we’re stuck in a seemingly endless cycle of debt that holds us back from using our newly-acquired education to empower us.
For many people, we have to place our dreams on hold as the reality of the cost of debt quickly sinks in. Sometimes we have to settle for a job that just gets us paycheck to paycheck, instead of investing into starting a new business or going for the career we originally sought after and dreamed of while still in the classroom.
We find ourselves unable to save or borrow money, purchase a home, or even pay for most of the basic necessities in life since the monthly student loan payment requires the majority of the net disposable income. We feel trapped within a vicious cycle of debt that is limiting our otherwise limitless potential. At Ameritech Financial we believe the pursuit of formal education should empower people, not hinder them.
At Ameritech Financial our goal is simple. As a student loan borrower post-graduation, there are four things you’ll need to know to effectively manage your student loan debt:
- A detailed understanding of your finances, budget, family household, and professional status as it relates to the different programs available.
- Detailed understanding of the programs that exist which you may qualify for, their advantages and disadvantages as well as how they directly apply to your specific student loan situation.
- Important student loan industry information, program modifications or changes, and foreseeable government action relating to student loan borrowers.
- Proper document preparation and filing for specific federal programs, strategically targeted form submission time lines as well as status updates for the programs applied for through the Department of Education.
At this time the national student loan debt is $1.24 trillion and growing by over $125 billion each year, making it the second largest debt in the United States next to home mortgages. With no resolution in sight, it truly is the next financial crisis facing our great country.
With the services provided by Ameritech Financial, our employees have helped thousands of student loan borrowers find their way to financial freedom and once again feel empowered by their education.
There is no ‘cookie-cutter’ solution to your student loan repayment needs. We all have different situations and for that reason we never provide a ‘cookie-cutter’ solution. With our staff’s many years of experience we will customize a solution to your specific financial and student loan needs to meet your financial goals. We will provide you with all of the tools and resources necessary to properly manage your student loan debt, so your student loan debt no longer manages you!
If you feel there is any way for us to improve our service or if you have other suggestions, please feel free to contact us, please call (800) 792-8621.