Ameritech Financial Reminds Borrowers That They Don't Have to Choose Between Independence and Financial Stability
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ROHNERT PARK, Calif., Feb. 27, 2018 /PRNewswire/ -- Adulthood for many may mean going to college, moving out of their parent's house, and starting a career. However, millennials are increasingly living in their parents' home into their twenties and thirties. According to a PEW Research report, 15 percent of young adults aged 25 to 35 were living with their parents. While this could happen for a variety of reasons, student loans is a common one. Ameritech Financial, a document preparation company that helps student loan borrowers apply for federal income-driven repayment plans, reminds borrowers that their student loans don't have to hold them back from gaining independence.
"Student loan borrowers shouldn't feel doomed to live with Mom and Dad forever," said Tom Knickerbocker, Executive Vice President of Ameritech Financial. "What they might not realize is that even if they feel that they don't have a choice because of their student loans, they usually do. We help them understand those choices."
Moving back in with the parents is one of many strategies to pay down student loans, and financial experts sometimes even advise parents to invite their children back home after college. While some young adults choose to live with their parents through their twenties, others feel they have little choice thanks to stagnant wages and high student loan balances. Living with their parents can ease borrowers' financial stress and might even allow them to save up money to buy a house when they are ready to move out. However, living at home isn't the only way to achieve that.
Ameritech Financial encourages borrowers to make the choice that makes the most sense to them. For those struggling with student loans who may or may not live with their parents, the Department of Education offers income-driven repayment plans that can lower federal student loan payments to as low as zero dollars and can end in the forgiveness of any remaining balance after 20 to 25 years. That can potentially free up some budget room to afford a rental or even save towards buying a house.
"Living at home with parents isn't the best move for everyone," said Knickerbocker. "Borrowers shouldn't feel trapped by their student loan situation. At Ameritech Financial we help borrowers understand federal repayment options and apply for one that makes sense with their 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
customer.service@ameritechfinancial.com
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SOURCE Ameritech Financial
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